Understanding FICO® Scoring

[Repo-ed]

Paid-off my personal loan as well as my motorcycle loan, and can not recall how that MAY or may NOT affect my score.

should i take out another personal loan to show FICO a mix of credit, or do the closed TLs do that regardless?

[Repo-ed]

JUST was alerted to a EQ score increase from 664 to 673, but believe it may be do to utli% change...but who knows.

[jamie123]

I've always heard that closed installment loans count in the mix of credit.

[bettercreditguy1]

Current paid off loans look good. Give it some time. What other items may be holding you back?

[Repo-ed]

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bettercreditguy1 wrote:

Current paid off loans look good. Give it some time. What other items may be holding you back?

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Under 3 years AAoA and 5 year old CO (repo)

[Shogun]

I don't think you need another installment.  Do you have any other installment loans?  Mortgage?  Car loan?  

[Repo-ed]

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Shogun wrote:

I don't think you need another installment.  Do you have any other installment loans?  Mortgage?  Car loan?  

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No.  Now I'll just show 4 total installment loans.  1 through a Florida CU that turned intot he repo in 08, and 3 local CU installment loans - now paid-in-full.

[Repo-ed]

...and just like that, its down to 669.  again, no idea as to why.

[Shogun]

Repo, where are you pulling scores from?

[Repo-ed]

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