https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1622342#M210392 <P>Do you mean refinance? Excluding credit, what's the benefit from doing so?</P> Wed, 03 Oct 2012 04:20:04 GMT llecs 2012-10-03T04:20:04Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1621784#M210363 Long story short I got a personal loan from a local place and they report to all 3 CA. I already made 3 payments and offered me a renewal. At this point I'm just wondering, if I renew and continue to pay will it raise my credit score? Tue, 02 Oct 2012 23:45:31 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1621784#M210363 Anonymous 2012-10-02T23:45:31Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1622342#M210392 <P>Do you mean refinance? Excluding credit, what's the benefit from doing so?</P> Wed, 03 Oct 2012 04:20:04 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1622342#M210392 llecs 2012-10-03T04:20:04Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1622576#M210413 <P>Pay it off, don't extend it. &nbsp;No reason to pay interest if you don't have to. &nbsp;Take the money and get a secured CC. &nbsp;You'll do better in the long run.</P> Wed, 03 Oct 2012 12:49:18 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-question-about-a-personal-loan/m-p/1622576#M210413 Shogun 2012-10-03T12:49:18Z