05-31-2007 05:59 PM
05-31-2007 06:26 PM
Jay1987 wrote:Do these count against you when scoring as in balance owed, etc?"Your FICO score considers how much you owe on your credit accounts, such as revolving credit accountsand non-mortgage installment loans. Generally, the more you owe on these accounts, the greater risk you pose to lenders. "The only installment loan I have is my car loan. I was under the impression as long as it was paid on time, that the balance wouldn't have a negative impact on my score... Am I wrong with this?
09-13-2007 03:02 PM
09-22-2007 06:11 AM - edited 09-22-2007 06:19 AM