https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4635912#M231521 I have a $1500 person loan for 3 years should I pay it below 80% for best score then just pay it for the rest of the term. I also have a $13, 000 car loan<BR /><BR /><BR /> Mon, 13 Jun 2016 14:52:22 GMT Anonymous 2016-06-13T14:52:22Z https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4635912#M231521 I have a $1500 person loan for 3 years should I pay it below 80% for best score then just pay it for the rest of the term. I also have a $13, 000 car loan<BR /><BR /><BR /> Mon, 13 Jun 2016 14:52:22 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4635912#M231521 Anonymous 2016-06-13T14:52:22Z https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636223#M231535 <P>You want a low balance to loan ratio and at least 1 active installment. &nbsp;Impact is going to be much smaller than revolving utilization though.</P> Mon, 13 Jun 2016 19:38:49 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636223#M231535 takeshi74 2016-06-13T19:38:49Z https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636334#M231548 I've seen several threads that more or less say to get the loan down below a certain threshold to maximize scoring. It may have even been as much as 90% paid off. Mon, 13 Jun 2016 21:10:45 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636334#M231548 RonM21 2016-06-13T21:10:45Z https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636421#M231550 <P>Installment utilization is aggregate, simply paying off 95% of one loan won't result in a score shift. &nbsp;With the auto loan in play, unless you can nearly write a check for the car, reindeer games with the $1500 loan won't do anything FICO wise though it would save you some amount of interest.</P><P>&nbsp;</P><P>Under 10% (maybe under 9% depending how things get rounded) is the sweet spot when it comes to installment utilization.</P> Mon, 13 Jun 2016 22:10:17 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/How-to-maximize-my-installment-loans/m-p/4636421#M231550 Revelate 2016-06-13T22:10:17Z