@TrapLine wrote:
@Beefy1212 wrote:
@FlaDude wrote:Congrats on the payoff! Is that your only installment loan? If so, you'll lose a few FICO points in the credit mix catagory.
It was my only active, I will "lose" a few points but it won't change my credit rating and you don't really lose points, you lose bonus points. If I were to get another installment loan to preserve points I am just going to lose those points to a hp, age of credit, and possibly amounts owed in relation to starting amount anyway.
My current f8 is around 790, and auto scores around 830s so losing a few bonus points is not going to kill me.
Do confirm all that you said. Paid off a home loan and auto loan. Major credit hit. Then took another auto loan and it helped but due to all that you said in the end, I question the benefit?! Unreal ...
Yea... to be honest it is fairly marginal, SSL loans are a gimmick that works on young and thin profiles... did you already have accounts that satisfy credit mix? No benefit. Would the new account lower average age of credit? A negative. Do you not have access to a loan that allows you to pay it 90+ percent down without advancing the loan maturity? Likely a negative most of the time you will have it.
I took a 12 point loss on eq 19ex 25tu yes tu might benefit from taking out a P loan but the other 2 CRA didn't see a big enough drop to have points to even regain that it is even worth the effort.
Honestly would rather take the 18ish average point loss and let the next autoloan just make up the difference. I am curious to see the drop on the auto enhanced scores when they update on the 12th, but again they were in the 830-850+ range unless I took an 80+ point drop I doubt it would matter.
Going beyond credit scores ... noticed you have a very good card line up that covers most anything 
@TrapLine wrote:
Going beyond credit scores ... noticed you have a very good card line up that covers most anything
lol thanks I also have a freedom flex I should prolly update my sig with at some point and some day will likely add a travel card likely the USB ALT Reserve I really like the 4.5x mobile wallet you can redeem for travel and dinning especially with the sapphire nerfs that recently came out.
/edit never mind just realized the BAR is gone and nerfed for existing holders. More of a road tripper than "traveler" anyway and I already get 5% dinning.
@Thomas_Thumb wrote:A Daytripper perhaps.
Daytrip? You mean like to Costco? With the 36 gallon tank I have, I can get 750-850 miles before I need to pull out the 5% gas card, though knees, back and bladder usually determine the first stop.
My last real big road trip was was Oakland to OKC via I-40 with a pit stop in the Grand Canyon.
My last big trip I went lazy 7 day cruise in Alaska turns out a week at sea with an open bar is fun too.
I think my godson liked it a bit more than me though
