Possible to get to 700 by 1/15?

[Anonymous]

When you get an installment loan, I take it that it should be paid off over the entire loan and not early?

 Would it be a loan that I would want open or closed when it's time to make a big purchase?

[gdale6]

---

@Anonymous wrote:

When you get an installment loan, I take it that it should be paid off over the entire loan and not early? This would apply if you only have 1 open and its not too big of an interest rate.

 Would it be a loan that I would want open or closed when it's time to make a big purchase? This would depend on your DTI at the time

---

[Anonymous]

When you get an installment loan, I take it that it should be paid off over the entire loan and not early? This would apply if you only have 1 open and its not too big of an interest rate.

Would this have the same affect on my credit if I pay it off early?

[gdale6]

---

@Anonymous wrote:

When you get an installment loan, I take it that it should be paid off over the entire loan and not early? This would apply if you only have 1 open and its not too big of an interest rate.

Would this have the same affect on my credit if I pay it off early?

---

Paying the extra loans off early may or may not result in a Fico score bump, you want to have at least 1 installment loan open for Fico purposes.