cancel
Showing results for 
Search instead for 
Did you mean: 

NFCU SSL

Estimate your FICO® Score range for free

FICO® Score Estimator

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Valued Contributor

Re: NFCU SSL

I just log in and pay $1 every month,

Then I can check on CC, SSL, CLOC, Checking & Savings + FICO9 EQ ScoreSmiley Wink

Message 61 of 63
Senior Contributor

Re: NFCU SSL


@M_Smart007 wrote:

I just log in and pay $1 every month,

Then I can check on CC, SSL, CLOC, Checking & Savings + FICO9 EQ ScoreSmiley Wink


I do that multiple times a month anyway 😂 

70DD1A3B-9DE6-4CBB-A6D9-BA705BE22054.jpeg
Scores 1/2019:
Scores 8/2019:

Hover over my cards to see my limits!
Goal cards:
Message 62 of 63
Contributor

Re: NFCU SSL


@satio wrote:

@Saeren wrote:

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.

Message 63 of 63
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.