No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I was wondering about the total fico Mix
I have 4 revolvers and I was wondering if
having a paid Installment loan would be helpful?
IMO, not too much. It's such a tiny part of FICO scoring. Many in here hit into the 800s with just a few CCs and a long history and no loans whatsoever. So, I can't imagine any benefit with 4 CCs already. Also, IMO, it just seems wrong to pay interest on a loan for the sake of a FICO. Now if a mortgage loan is needed or a car loan is needed whereby the mix changes due to an added installment, then that's different, but I wouldn't do it for FICO alone.
Backing up for a second........paid? How would you add a paid loan?
My oldest needed a laptop for college and we went and got her one
through Aaron's ( I know) however it was paid off this month after
making double monthly payments and they said they would report
to the CRAs however if it's going to hurt me I am going to ask them not
to do so/
Do you have any opened or closed loans reporting like a mortgage, car, SLs, etc?
Any new account can ding your score. Any benefit would be in the long term.
No just my revolvers, the manager at Aarons said they would post it from the date opened
about 1 year ago, the total price, and Paid in full Never Late
You avoid the new account ding if they are going to do as they say. The only other concern I would have is how it impacted my AAoA, if any.
I have an account through Home Choice. I think they are affilited with Rent-a-center and Aaron's? They dont do much for your credit IMO. The loans are a max 14 months. Plus they only are reporting to TU. At least in my case.