Re: Leasing question - myFICO® Forums

contractor · ‎08-04-2008

OK, I searched, really I did. Can't find the answer but sure it has been asked a thousand times. Sorry.

I am new to leasing vehicles. How does a car lease code on CR's? Is it an installment just like if I had bought it?

TIA

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"No good deed goes unpunished"

There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.

WhirledPeasPlease · ‎08-04-2008

Mine looks like this:



Account No.:	****	****	****
Condition:	Open	Open	Open
Balance:	$1XXXX	$1XXXX	$1XXXX
Type:	Auto Lease	Lease	Auto Loan
Pay Status:	Current	Current	Current

And yes, it is an installment loan.

Message Edited by WhirledPeasPlease on 08-05-2008 12:37 AM

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.

contractor · ‎08-04-2008

Thanx Peas

/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

"No good deed goes unpunished"

There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.

WhirledPeasPlease · ‎08-04-2008

You're very welcome!

(Now I'm just waiting for it to show PIF.. lol - can't wait to see if my scores change!)

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.

cobra19 · ‎08-08-2008

If the lease is your only installment account, you will see a little drop in score. Otherwise, no.

New York Yankees - 2009 World Series Champions. 27... and counting.....

WhirledPeasPlease · ‎08-08-2008

Nope, not my only installment -- I still have about 17 other installment accts on EX and TU.

Both EX and TU have updated tho -- EX +4, TU +7 -- I'll take it!

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.