@CrSter wrote:
@SouthJamaica wrote:
@CrSter wrote:I haven't had a car loan in some time, but I had a few car leases back to back (all settled and closed for a while now). When I first opened up a lease my credit score didn't change at all other than maybe a tiny bit over the inquiry, and when I paid that one off it didn't change much if at all, and then when I opened a new lease my score didn't change much if at all again.
If you don't ever use your credit for anything what's the point of having it.
Did you have any other loans?
No car loans. No credit card debt that wasn't paid off in full monthly.
Did you have any other installment loans of any kind? If so, your experience does not tell the story. Installment utilization in FICO relates solely to aggregate utilization, not individual account utilization.
