@chasmith wrote:
I don't understand the prior response that paying off the auto loans still leaves them in credit mix. While I haven't tested with installment loans, I have prior mortgages on my report but got no credit mix help until I got an active mortgage.
The former Admin, Barry, had mentioned that closed accounts still factor into your mix of credit. I disagreed with it for a while, but it makes sense. For example, if you close all of your CCs but one and close all of your loans, then you won't get rebucketed. Your score won't plummit (assuming using stays the same on the remaining CC). Down the road in 10 yrs you might face some challenges with dropped history or AAoA, but no rebucketing due to a thin file.
