FICO® SCORE 8 FACTORS Balance Relatively High

[Anonymous]

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@LP007 wrote:

It's a "No go" on the recast. Thus, instead of reducing my payments to $10/mo to keep the installment loan alive, I have to keep paying $100/mo. I made an early custom payment to get it to 9%, but the interest sneakily kept me $0.33 short ($900.33/$10,000). Will I still be above 9%?

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@LP007: You'll be at 9%. Balances are reported as whole numbers only - the 33¢ won't matter here.

In fact, due to rounding, you could even be at $949.99 and still be 'less than 10% after rounding'.

[Anonymous]

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@LP007 wrote:

It's a "No go" on the recast. Thus, instead of reducing my payments to $10/mo to keep the installment loan alive, I have to keep paying $100/mo. I made an early custom payment to get it to 9%, but the interest sneakily kept me $0.33 short ($900.33/$10,000). Will I still be above 9%?

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@LP007 It's not above 9 you got to worry about; it's below 10, and since you are less than 9.5%, you are under 10%, so you are good, as @Anonymous said!