Re: Pay off part of student loan
10-11-2012 09:29 AM
It's possible, but since installment accounts are a relatively small part of your FICO score, it might not do much to your scores.
A lot depends on what the rest of your credit looks like. That money might better be used to pay down revolving debt, or to get a secured card. It all depends on what the bigger picture is in terms of your credit.