06-19-2007 05:16 PM
Installment is installment! On time payments are what counts. Revolving debt carries much more weight.
fused111 wrote:4. NO!
I did not know that. I always thought Auto installment debt counted lighter but still negatively to your score. Is it only Auto debt or all installments debt is ignored?
06-19-2007 05:57 PM - edited 06-20-2007 02:23 PM
07-02-2007 09:12 PM
07-02-2007 09:16 PM - edited 07-02-2007 09:21 PM
07-02-2007 09:22 PM
bobkelly wrote:Pay down your loans as soon as possible to save on interest.Your right if you want to save $$. However, many at this forum are trying to improve their FICO scores and overall credit rating. Sometimes certain actions do not help you do both.
07-03-2007 10:00 AM
07-03-2007 10:23 AM - last edited on 07-03-2007 11:26 AM by Tuscani
Is there a way to block this edit from showing up when I read a thred?
No need for name calling. Thanks!
07-03-2007 11:08 AM - last edited on 07-03-2007 11:20 AM by Tuscani
MODS, MODS, MODS! Please dump this post!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.