Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
Re: How Will Paying Off CC vs. Installment Loans Affect Score?


rbbyrbsn wrote:
since installment loans don't figure into revolving Util  moving CC debt  would free up util.


Exactly!
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)