AAoA ?

[Anonymous]

I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my  AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

[Anonymous]

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@Anonymous wrote:

I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my  AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

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No it won't ..  Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA

[scorewatcher7]

paid loans rarely disappear from credit since its considered positive. shouldn't go away. 

[Anonymous]

Thanx guys..good to hear..

[HiLine]

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@Anonymous wrote:

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@Anonymous wrote:

I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my  AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

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No it won't ..  Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA

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Not necessarily. They will stay for a while, but not usually that long.

[gdale6]

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@HiLine wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I'm getting ready to pay off 2 loans soon, a HELOC thru Case and a revolving thru my bank. In paying these off, will the paid loan stay on my report for a while? These two trade lines help my  AAoA since the HELOC goes back to 1999. I have two recent loans in the past 3 months and two CC in the last month. In paying these off, will this hurt my AAoA?

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No it won't ..  Closed or completed installment loans will stay on your reports for 10 years and continue to help your AAoA

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Not necessarily. They will stay for a while, but not usually that long.

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IME EX is the only one that will actually hold them for the full 10 year period.