While checking CK this morning, I found out my Old Navy auto CLI'd from $200 to $400 (4th statement just cut). And while online I paid off my car loan. I still have another open auto loan reporting on EX and EQ. Neither the cli or paid off installment loan will probably do anything to increase my fico score, but still it's nice to be reaching my financial goals.
The CLI, although small will increase your util if you have any posted revolving debt. And yes, although they may not affect scores that much, they are positive financial gins. Congrats!
Thanks shogun! The CLI won't help util, as I already keep that at 1% or less, but it will help with Xmas spending -- only for free shipping and bonus bucks though. Other than hopefully getting a mortgage in the next 6 months, we like to 'use' credit but remain debt free. And paying off the car, once sold, will go a long, long way to our 20% down payment.
It will also help with your DTI not having that payment on your reports. Win/Win.