Mix of credit impacting FICO?

[andyaycw]

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@Anonymous wrote:

Anything that is reported on your credit report COUNTS

so that is a fallacy...

I bet if you miss a automobile payment you would see your score drop..

so everything counts.

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I think what we're trying to determine here is what effect closed installment accounts have on your report, and if they're still factored into the FICO score in terms of "mix of credit". You couldn't possibly make any late payments on a closed installment account now, could you? ;-p

Message Edited by andyaycw on 01-04-2008 10:38 PM

[Anonymous]

Yes- IMO closed installments are not considered in mix

NOR are closed installment loans considered in "Installment utl"

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@andyaycw wrote:

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@Anonymous wrote:

Anything that is reported on your credit report COUNTS

so that is a fallacy...

I bet if you miss a automobile payment you would see your score drop..

so everything counts.

---

I think what we're trying to determine here is what effect closed installment accounts have on your report, and if they're still factored into the FICO score in terms of "mix of credit". You couldn't possibly make any late payments on a closed installment account now, could you? ;-p

Message Edited by andyaycw on 01-04-2008 10:38 PM

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