06-11-2007 08:11 AM - edited 06-11-2007 08:11 AM
06-11-2007 08:28 AM
06-11-2007 08:40 AM
More important how? Bad or good? I just paid off most of my revolving credit (credit cards) and now only have a couple of loan payments (a car and a boat) plus a mortgage. I am thinking of trading in my car for a newer one which will increase the amount of the installment debt, will that lower my FICO significantly?