How to maximize my installment loans

[Beavis26]

I have a $1500 person loan for 3 years should I pay it below 80% for best score then just pay it for the rest of the term. I also have a $13, 000 car loan

[takeshi74]

You want a low balance to loan ratio and at least 1 active installment.  Impact is going to be much smaller than revolving utilization though.

[RonM21]

I've seen several threads that more or less say to get the loan down below a certain threshold to maximize scoring. It may have even been as much as 90% paid off.

[Revelate]

Installment utilization is aggregate, simply paying off 95% of one loan won't result in a score shift.  With the auto loan in play, unless you can nearly write a check for the car, reindeer games with the $1500 loan won't do anything FICO wise though it would save you some amount of interest.

Under 10% (maybe under 9% depending how things get rounded) is the sweet spot when it comes to installment utilization.