Moderator
Revelate
Posts: 9,034
Registered: ‎12-30-2011
Re: Installment loan

It may take weeks or months to show up on your credit report once they establish the loan (which they probably haven't until you actually have the work performed as they haven't extended any credit to you); and also some of those installment loans such as you're suggesting if they're underwritten by the companies themselves may not report at all.

 

Since the refi close is any day now, I'd just drag my feet on the other loans anyway but even if you went ahead with them right now it's probably not a concern honestly.  Sure, would've made more sense to have waited, but it's not a big deal in this case in pretty much every statistically relevant scenario.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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