Close accounts to improve AAoA?

[Anonymous]

Sure! I frequent reddit.com/r/personalfinance and I know that I would get TORN up if I asked their opinion on this purchase. Trust me, I'm not buying a new car as an investment. I get great enjoyment out of driving a luxurious vehicle and think I'd get great use out of a SUV. I have a 6 month emergency fund set aside, and can comfortably afford the payments of a $38k loan (while continuing to add to savings). I appreciate your feedback!

[Revelate]

---

@Anonymous wrote:

Thanks! Would I still see a 20 point drop if it's not my only installment loan (the other being my mortgage)?

---

Not entirely sure; I'm waiting for my own mortgage to report and what happens.  Is possible mortgages are counted outside the normal installment debt.

My gut feeling though, you won't see a drop and you made a smart move both financially and FICO wise.  I wouldn't worry about it anyway.

[Anonymous]

Cool, thanks!