New Visitor
Posts: 5
Registered: ‎03-16-2007


There is a lack of recent (non-mortgage) installment loan information being reported on your credit file.
what exactly does this mean?
Frequent Contributor
Posts: 351
Registered: ‎04-02-2007

Re: question

Sounds like they're telling you that you need an installment loan in your credit portfolio.  FICO likes to see a mix of different types of credit.  Mine keeps telling me that I don't have enough revolving credit but I have 6 lines of revolving credit (CC's and charge accounts)...that's more than enough for me.
Regular Contributor
Posts: 158
Registered: ‎07-16-2007

Re: question

do you have any installment loans on your CR?
EX. 780 TU 794.
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007

Re: question

ronq wrote:
do you have any installment loans on your CR?

Examples:  car loan; personal loan
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007

Re: question

Sounds like a FAKO (not FICO) comment!
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

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