No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
danikasmom wrote:Yes, that is why they don't let people like us run the credit bureaus...we think logically!!! We are dealing with that right now because we are ready to pay off my hubby's truck but don't want his score to drop. Isn't it ridiculous???
HinH wrote:IMHO, "IF" I had 24k sitting around, I would invest that money, as the car is a depreciating asset (ie it probably is not worth 24k right now, and won't be worth that ever), so there are better uses for that 24k...pay down your mortgage, buy some land...
Wouldn't the TL still appear on your report as a paid and closed account, and still offer the benefit of credit history and account variety?
danikasmom wrote:Yes, that is why they don't let people like us run the credit bureaus...we think logically!!! We are dealing with that right now because we are ready to pay off my hubby's truck but don't want his score to drop. Isn't it ridiculous???
It should stay on the report for 10 years after opening the TL.
VistaV wrote:Wouldn't the TL still appear on your report as a paid and closed account, and still offer the benefit of credit history and account variety?
danikasmom wrote:Yes, that is why they don't let people like us run the credit bureaus...we think logically!!! We are dealing with that right now because we are ready to pay off my hubby's truck but don't want his score to drop. Isn't it ridiculous???