Credit Union -- Personal Loan

[TKDALLSTAR]

In August of 2005, I took out a personal loan to help pay off some of my debts (~$5000). While this is not an installment loan, it is revolving. My scores are in the mid 600's, and was just wondering, if I were to pay it off, resulting in a $0 balance how would my scores change?

[haulingthescoreup]

How exactly does it show on your reports? And it might well be different on every one, so pls check.

[TKDALLSTAR]

Date opened [?] Aug, 2005 Date of last activity [?] Dec, 2007 Account number [?] XXXXXXXXXXXX0001 Account type [?] Unsecured Credit limit [?] Not Reported Largest past balance [?] $5002 Terms [?] 36 Monthly Credit Type [?] Installment Account Account holder [?] Co-signer on Account Scheduled payment amount [?] $221

[Anonymous]

Looks like a co-signed Installment account to me.

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TKDALLSTAR wrote:
Date opened [?] Aug, 2005 Date of last activity [?] Dec, 2007 Account number [?] XXXXXXXXXXXX0001 Account type [?] Unsecured Credit limit [?] Not Reported Largest past balance [?] $5002 Terms [?] 36 Monthly Credit Type [?] Installment Account Account holder [?] Co-signer on Account Scheduled payment amount [?] $221

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