I just log in and pay $1 every month,
Then I can check on CC, SSL, CLOC, Checking & Savings + FICO9 EQ Score
I do that multiple times a month anyway 😂
The trick with the SSL is that NFCU pushes your payment due date back by however many payments you pay in advance instead of shortening the life of the loan. Since the score benefit is only good when you have an active installment loan and even further, there is an additional boost when you pay it down to 8.9% of the original amount, this means you can take out a 5 year loan ($3010 would be the minimum I would do or you could stuck with a 3 year term), pay it immediately down to 8.9% remaining, and then you get the scoring benefit for the next 5 years. Just make sure you make a small payment towards it of a couple bucks every few months so that it doesn’t go inactive on your credit report and stop counting.
I'm getting ready to do the same transaction with NFCU. Please clarify the last piece of this puzzle from your latest post.
After paying it down immediately to push out the next due payment and bring balance owed to < 8.9, I also need to make some small token payment on some sort of regular frequency between the loan date and the pushed out due date so that it remains "active" with CRAs?
You can make a small payment every month, 3 or 6 months. It's up to you. I wouldn't let it go a year dormant with Navy. I'm not sure what their policy is with dormancy. If the account is active, then they should be reporting to the CRAs. I've set mine up to autopay monthly.
ETA Woops. Missed the other replies addressing the question.