Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Will it help?

eduardofabian1 wrote:

I have two revolving accounts. One is a credit card and the other is a line of credit. Both accounts have been closed, and I made special agreements to pay them in a fixed amount monthly. Both accounts get reported on the credit bureaus as revolving. Is there any chance to ask the creditor to report those as installments since they are being paid in fixed payments each month and the credit lines have been closed? If so, will I see improvements in my credit score and report? Thanks.


You can try but it's not likely they'll entertain that. If these are your only two TLs, then you'd likely see a significant FICO score drop anyway due to the loss in util and loss of mix.