03-17-2010 01:59 PM
I have an installment loan from a local bank which is about a month away from being totally repaid. This loan spanned over 3 years, so it is by far the greatest contributor to my average age of accounts on my credit report. When it gets completely paid, does this installment loan history disappear from my credit report like a closed account would?? This is my greatest concern.
Anyone have any insight?
03-17-2010 02:08 PM
I've read the the history remains on your account for 10 years from when you close. So your AAoA won't take a hit until 10 years from now.
03-17-2010 02:20 PM