Posts: 13,897
Registered: ‎04-15-2011
Re: Installment Loan Factors into fico!

I would say that first it affects it in the obvious way, positive TL, Mix of Accounts, AAoA.  But util shouldn't come into question due to the fact that it's not variable.  You wouldn't be adding to like a revolving account.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!