Re: Different fico scores?!!?
02-22-2012 11:43 AM
Thanks everyone for your feedback! Its such a relief for me and my husband as we've been working really hard on fixing our credit! So do you think this new auto loan will help his credit score too? Or will it not make a difference at all?
Adding a new installment account generally won't boost your score. The only case I can think of where it would help is if this was your first installment loan, in which case it would improve your mix of credit.