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When using the calculator it did not show a scenario for paying down or off a car loan

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When using the calculator it did not show a scenario for paying down or off a car loan

Is this not as meaningful in improving your score?
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Re: When using the calculator it did not show a scenario for paying down or off a car loan



smokinjoe wrote:
Is this not as meaningful in improving your score?


That is correct.  Revolving accounts (like credit cards) play a much larger role in your FICO score than installment loans.

 
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