NFCU future payment due dates.

Anonymous · ‎05-24-2018

Simple and direct. I have a personal loan with them for 9200 of the original 20k. I just made a payment of 8500 and my due date isnt until 2020.

Do i let it ride and age? Or pay it off in full?

Also d0 i just make 1 dollar payments? How should i proceed.

Pikaboo-icu · ‎05-24-2018

@Anonymous wrote:
Simple and direct. I have a personal loan with them for 9200 of the original 20k. I just made a payment of 8500 and my due date isnt until 2020.

Do i let it ride and age? Or pay it off in full?
Also due i just make 1 dollar payments? How should i proceed.

Welcome to My Fico.

If it's your only loan, let it ride. Perhaps make a small $3-$5 payment each month, it will help your credit profile & score to keep it open.

There's an entire thread about this very subject and your data points are relevant & helpful..

https://ficoforums.myfico.com/t5/General-Credit-Topics/The-Quest-for-an-SSL-alternative-to-Alliant/td-p/5162448

CHEERS

Anonymous · ‎05-24-2018

Ill give the thread a read!

Anonymous · ‎05-24-2018

It looks like the only draw back is the average age of accounts impact. But if you pay it down 92% it may offset the score drop?

Anonymous · ‎05-24-2018

@Anonymous wrote:
It looks like the only draw back is the average age of accounts impact. But if you pay it down 92% it may offset the score drop?

I am the owner of the two Share Secured Loan threads:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/td-p/4506756

https://ficoforums.myfico.com/t5/General-Credit-Topics/The-Quest-for-an-SSL-alternative-to-Alliant/td-p/5162448

Can you help us understand better what you mean? The only drawback of what?