Effect on FICO score of Finance Company loan

[Anonymous]

One of the negative reasons from EQ for my score is listed as "too many consumer finance accounts".  Looking at the report there is only one (one of those unsolicited in the mail $1000 deposit me checks from Wells Fargo Financial) listed as opened 11/2002 last report 07/2004.  What kind of score ding am I seeing from this lonely "too many" account paid off six years ago?  The irony is the high interest rate back then is less than any purchase rate or cash advance rate on any of my present CC!  Does this thing fall off after how many years?

[llecs]

CFLs are looked down on by FICO. They are on par with payday loans and the like. While the comment is there, IMO, the impact isn't that bad. I bet the history will help bore than the comment hurts.

It'll continue giving that message for as long as it reports. It will report for 10 yrs from the date you paid it off, assuming you paid it off while in good graces.