08-17-2007 05:08 PM
I have utilities in my name, and I have purchased an automobile some time ago.
08-18-2007 01:53 PM
08-18-2007 11:32 PM
thanks great info, can you answer if it makes a difference to pay a little more than the minimum due?
08-21-2007 12:05 PM
08-21-2007 01:53 PM - edited 08-21-2007 01:53 PM
Probably wont make much (if any) of a difference.
I need to know which scenario will raise a FICO score higher/quicker: 1. Sell vehicle and pay off car loan (4 payments remaining). Loan will showing as paid off which is less debt owed, but there will be no more "on time payments" history on this account. 2. Keep vehicle while continuing to make payments on time.
08-23-2007 01:56 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO