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Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Trying Again!!! Someone answer, anyone answer, please!!

What happens to your fico score when good installment/tradeline debt is deleted?
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

Re: Trying Again!!! Someone answer, anyone answer, please!!

it usually drops-

Even when my SL's that had recent (less than a year old) lates on them were deleted my EX dropped 15 points.
Moderator Emeritus
fused
Posts: 16,378
Registered: ‎03-12-2007
0

Re: Trying Again!!! Someone answer, anyone answer, please!!



myhearts07 wrote:
What happens to your fico score when good installment/tradeline debt is deleted?


Did your CFL (consumer finance loan) TL get deleted?
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Re: Trying Again!!! Someone answer, anyone answer, please!!

The one with HFC is still open. Once we refinance it will not be closed but open and we will still have that line of credit.  Is that considered installment? or revolving?  What should I do?  Should I try to get some new lines of installment credit?

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