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How many installment loans is "too many"?

Valued Member

How many installment loans is "too many"?

Does anyone know how many installment loans one can have before the number is considered too many?  I mean primarily open installment loans.  Not necessarily what FICO considers too many, but any lender doing a manual review.

 

Also - would a lender be more likely to consider a higher number of open installment loans to be better compared to the same number of revolving loans carrying the same balances?

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Senior Contributor

Re: How many installment loans is "too many"?

Total amount owed is more important upon manual review. What is your DTI?
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