t PIF early ... Hurt or help score?
10-15-2012 08:00 PM
i just paid off my car about 9 months early. But now I read on here somewhere that paying installment loans off early can hurt your score?! If so, why? I'm guessing it's because of credit mix. If so, I still have an open installment with EX and EQ For my bf's car. ( CU doesn't report to TU for some reason). All 3 cra's have closed PIF'd installment loans showing from my 2 previous cars (compass bank and vw), though the oldest one is going to age off report in the next few months.
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013