topic Re: AAoA ? in General Credit Topics

AAoA ?

Anonymous — Fri, 30 Jan 2015 22:46:39 GMT

I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

Re: AAoA ?

Anonymous — Fri, 30 Jan 2015 22:50:59 GMT

@Anonymous wrote:
I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

No it won't .. Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA

Re: AAoA ?

Anonymous — Fri, 30 Jan 2015 23:52:11 GMT

paid loans rarely disappear from credit since its considered positive. shouldn't go away.

Re: AAoA ?

Anonymous — Sat, 31 Jan 2015 00:31:17 GMT

Thanx guys..good to hear..

Re: AAoA ?

HiLine — Sat, 31 Jan 2015 00:33:55 GMT

@Anonymous wrote:
@Anonymous wrote:
I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?
No it won't .. Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA

Not necessarily. They will stay for a while, but not usually that long.

Re: AAoA ?

gdale6 — Sat, 31 Jan 2015 01:37:25 GMT

@HiLine wrote:
@Anonymous wrote:
@Anonymous wrote:
I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?
No it won't .. Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA
Not necessarily. They will stay for a while, but not usually that long.

IME EX is the only one that will actually hold them for the full 10 year period.