Does installment loans effect the average age?

[Red1Blue]

Does installment loans effect the average age?

[smallfry]

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@Red1Blue wrote:

Does installment loans effect the average age?

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Yes.

[GFer]

Ok, not trying to hijack the thread, but rather add to it...

Once you pay an installment off, and it's closed, does it still count in history (even if closed recently)?

[Anonymous]

the avg age yes. from what i can tell a closed installment loan won't coun't towards mix of credit use.

[fused]

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imducky wrote:

the avg age yes. from what i can tell a closed installment loan won't coun't towards mix of credit use.

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Spot on!

[GFer]

That makes sense. Thank you. Just didn't want to 'assume'. Still learning here...