Thank you for the insight everyone, this all makes way more sense now. I guess the answer is to pay down this installment loan and see if going below a 80% threshold results in a increase. I had thought that there was no incremental increases until loans reached below 10.
@rosco75 wrote:Thank you for the insight everyone, this all makes way more sense now. I guess the answer is to pay down this installment loan and see if going below a 80% threshold results in a increase. I had thought that there was no incremental increases until loans reached below 10.
In my experience there was nothing noticeable until I got it below 10%. But maybe I missed something. Or maybe your file behaves differently than mine did.
@SouthJamaica wrote:
@rosco75 wrote:Thank you for the insight everyone, this all makes way more sense now. I guess the answer is to pay down this installment loan and see if going below a 80% threshold results in a increase. I had thought that there was no incremental increases until loans reached below 10.
In my experience there was nothing noticeable until I got it below 10%. But maybe I missed something. Or maybe your file behaves differently than mine did.
I think you are correct because i have never experience this with any of my previous car loans. Im in my 40's and have had plent of them but never seen any point bouncing as I paid down the loans till they were nearly paid off. I suspect that once things settle with reporting, i will likely see a small increase, but who knows. I cannot think of anything else that would have caused this. My next 3B report is available 1/3 and im going to pull and compare to see if there is anything wierd.