Best Eegg Personal Loan

[MP15_556]

I was just wondering if anyone had used Best Egg for a personal loan and if so, how does the account report to the CBs?

[Anonymous]

I never used Best Egg but here is how my Lending Point shows up:

Details
Account #	XXXXXX
Original Creditor	-
Company Sold	-
Account Type	INSTALLMENT
Date Opened	Jan 2019
Account Status	Open
Payment Status	Current
Status Updated	XXX
Usage	-
Balance	XXXX
Balance Updated	XXXX
Original Balance	XXXXX
Monthly Payment	XXXXX
Past Due Amount	-
Highest Balance	-
Terms	48 Months
Responsibility	Individual
Your Statement	-
Comments	-

[dynamicvb]

There was someone a while back the reported Best Egg shows up as a Consumer Finance Account and dinged their score pretty good as a result.

[MP15_556]

Thank you for the reply.  That is what I was curious about.  If it doesnt report as an installment loan its useless to me.

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@dynamicvb wrote:

There was someone a while back the reported Best Egg shows up as a Consumer Finance Account and dinged their score pretty good as a result.

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[Anonymous]

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@MP15_556 wrote:

Thank you for the reply.  That is what I was curious about.  If it doesnt report as an installment loan its useless to me.

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@dynamicvb wrote:

There was someone a while back the reported Best Egg shows up as a Consumer Finance Account and dinged their score pretty good as a result.

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It would have to report as an installment loan to be considered a CFA.  Revolving accounts are not CFAs.