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Bummed

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CivalV
Established Contributor

Bummed

This summer was supposed to be my come up in scores.. well my self lender reported paid loan. EX and EQ took over a 30 point hit. EQ is back in the high 500s ☹️

I didn’t think it would be such a big hit on each CR.. waiting for TU to update with a big hit as well.

I wanted to purchase a vehicle and now I have to put it on hold again! 😭
3 REPLIES 3
Remedios
Credit Mentor

Re: Bummed

Where you hoping that getting that loan increases your score prior to car purchase? 

 

If that's the case, pay the loan below 9% and you'll get all your points back. 

Once you have car loan, self lender is redundant and waste of money 

Message 2 of 4
HeavenOhio
Senior Contributor

Re: Bummed

I think the OP is suffering from the "no open installment loans" hit.

Message 3 of 4
Remedios
Credit Mentor

Re: Bummed

You're absolutely right
Reading fail on my part, skimmed over "paid" part☹

Message 4 of 4
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