I have 2 federal school loans. One small, one larger. do they count as an installment loan in the credt mix?
When my bk falls off in 9 yrs, my car loan will be obviously paid for and not "open", but my one big federal school loan ill still be paying on because I want a good mix when the bk falls off. Do they count ??
@pizza1 wrote:I have 2 federal school loans. One small, one larger. do they count as an installment loan in the credt mix?
When my bk falls off in 9 yrs, my car loan will be obviously paid for and not "open", but my one big federal school loan ill still be paying on because I want a good mix when the bk falls off. Do they count ??
Yep, they'll both count as installment loans and will factor into your mix of credit.