Should I have old installment loan marked as closed

[Anonymous]

I have 5 installment loans on my report. 3 are considered open and 2 are considered cloded. 1 of the open ones is from an old lease and it is paid in full. Should I have this marked as closed? I understand that I want installment loans, but I also dont want it to show that I am required to still be making 300 payments each month. Plus I would still have 2 open accounts.

[gdale6]

If its showing a balance of 0 it is the same as being closed.

[Anonymous]

I understand, but it is reporting that there is a 300 monthly payment. Doesnt that count against my debt-to-income ratio?

[Revelate]

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@Anonymous wrote:

I understand, but it is reporting that there is a 300 monthly payment. Doesnt that count against my debt-to-income ratio?

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Probably not, and it's mostly irrelevant unless you're applying for a mortgage (*maybe* an auto loan but their requirements fit in the 57% that isn't mortgage) in which case if the LO says it does, get it taken care of.  Otherwise I'd just leave it be.  Open > closed seemingly from a FICO perspective, small, but potentially non-zero.