Chase 5/24 Question

[cem13]

Does anyone have specific knowledge of the Chase 5/24 rule as it pertains to installment loans such as personal, car, student and mortgage loans?  Do these types of loans factor in to the 5/24 or does it only factor revolving accounts?

[Remedios]

No, they dont. Revolving accounts only

[FinStar]

The 5/24 restriction is primarily about revolving and/or charge account tradelines. Installment accounts such as SSL's, student loans, mortgages, etc. are typically ok.

[cem13]

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@Remedios wrote:
No, they dont. Revolving accounts only

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Thanks.  I was hoping for this news.

[cem13]

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@FinStar wrote:
The 5/24 restriction is primarily about revolving and/or charge account tradelines. Installment accounts such as SSL's, student loans, mortgages, etc. are typically ok.

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Thanks Finstar and Happy New Year.  

We all must be credit geeks if we are worried about Chase 5/24 instead of being at a jamming party.  LOL

[Remedios]

Put your jammies on and you're jamming instantly

[cem13]

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@Remedios wrote:
Put your jammies on and you're jamming instantly

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My jammies have been on since 7pm.  So I am really jamming.  And I took a shot of cough syrup so I am flying high. LOL  

[CreditInspired]

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@cem13 wrote:

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@FinStar wrote:
The 5/24 restriction is primarily about revolving and/or charge account tradelines. Installment accounts such as SSL's, student loans, mortgages, etc. are typically ok.

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Thanks Finstar and Happy New Year.  

We all must be credit geeks if we are worried about Chase 5/24 instead of being at a jamming party.  LOL

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Or old fogies like me 😂🤣😆

[CreditInspired]

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@Remedios wrote:
Put your jammies on and you're jamming instantly

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Good one 😆

[soxfaininfl]

I opened a personal loan back on 9/1 to consolodate three credit cards, and creditwise via Capital One considers it a new account. So that wouldn't go against 5/24?