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@Anonymous wrote:
Credtt Friends
Advice is needed. I'm aggressively paying off debts including my line of credit. Will paying this account to zero have a negative FICO ripple?
Thx in advance
Without knowing much about your credit file apart from what you have disclosed thus, paying debt down, it will be hard to answer your question. For better responses, tell us a bit more about your credit file.
For example, what cards do you have, what are their limits and balance owed? How old is your credit file? Do you have any baddies? etc. By baring it out, it gives a snapshot of your file and for you to get better responses.
Having the student loan and auto loan should give you the points need for a diverse credit portfolio. IMO paying off the personal loan will not have a negative effect or if it does, short lived and minor.
@Anonymous wrote:
Thx!
Does the Sam hold for LOC?
I really wanna pay that off too
The LOC is probably reported as revolving credit and laying that off should raise your score.
I have to agree with the above statement. At least when I had mine that is how it was reported.