Installment Loan anniversaries

[krielly]

Will I see any kind of increase in my score when an installment loan I have hits 1 year old? I have another that will hit 2 years old in November, what about that?

I've heard of increases on anniverary dates for cc's, but am wondering about installment loans.

thanks

K

[Lel]

You might see an increase, since your account won't generate a "you recently opened a new credit account" flag.  How much is a question mark.  I had an account age to over 1 year in December, and my score went up by 11 points.  I have another account that is going to cross 1 year in about a month, so I'll see what happens then.

I don't think anything will change once that other account is 2 years old.