Re: Consumer Finance Companies[ Edited ]
05-18-2007 01:42 AM - edited 05-18-2007 01:49 AM
It might be your auto loan too falling under finance company, ect installments. Open loans drop scores because they are debt. That simple. Pay it off and score will come up. I have never heard of any installment after being closed dropping a score if it was paid on time. Maybe if someone went to a debt consolidation place and set a fixed payment, but that would fall under something different than Consumer Finance. All closed installments raise scores not drop them regardless of title. If anyone has any documentation to show other wise please msg them to me or post them here.
Message Edited by ilovepizza on 05-18-2007 01:49 AM