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Line of credit vs. Installment

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Anonymous
Not applicable

Line of credit vs. Installment

I currently have a line of credit and the utilization is about 90%, would it help my FICO score to convert to installment loan or should I just leave it alone?
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1 REPLY 1
Tuscani
Moderator Emeritus

Re: Line of credit vs. Installment

LOCs are generally revolving which hold a considerable amount more weight than installment.


Message Edited by Tuscani on 05-18-2007 06:32 AM
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