steffiejoe wrote:I have a signature loan is that considered a personal finance account?I have renewed my signature loan 3 times, and equifax states I have to many personal finance accounts.What are some examples of personal finance accounts?
It depends on how it's coded on your reports but yes Amercian General Finance does underwrite consumer finance loans.
Do you know if an installment loan from American General Finance would be considered a CF? It sure feels like it, they're charging a fortune, but it's the only installment loan I have, all the rest are CCs or mortgages (I have 3) It's listed on my TU CR as "Secured By Hshld Gds & Collat" which is odd because it was in fact a signature loan. EX calls it an installment.
It's also the youngest account I have (about 8 mo). I'm considering PIF but I'm trying to raise my score. I just got down from 100% to 25% util on my CCs and was hoping to negotiate a lower rate when my scores improved. Any thoughts?