Do loans lower average age of credit

[ori68]

Do loans lower average age of credit? I know a new credit card can lower it, thus lowering credit score, but what about loans? I have a secured loan that I am thinking of paying off soon. I just had a baddie removed from my account and I believe my fico credit score should pass 700 in the next few weeks. I would like to apply for a discover it or a chase freedom card and I’m looking for ways to increase my score further.

The secured loan term is only a 6 month, and I’m about 2 months into it now. I figure if its not helping, the $500 deposit on it should help lower my utilization on my credit cards. What yall think?

[Burned2manybridgesB4]

A loan is factored into your AAOA, but creating a "mix" of credit may negate the loss of points.

[guiness56]

Any new OC account will impact your AAoA.

Only collections and PRs do not.

[ori68]

In addition to this 2 month old secured loan, I also have  a 2 month old personal loan that would be matured in 10 month's, and a student loan that is 6 years old. I don't believe this secured loan benefits me much in my mix of loans/credit cards. I got it and shortly after was approved for my third credit card and become a AU on my moms credit card.