Score drop when auto loan reported. How long to regain lost points.

[sjt]

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@Anonymous wrote:

Well I guess I'll be as good a data point as any just a few months earlier than you.  I bought my car over Labor Day weekend, also with PenFed (what interest rate did you get?).  Although I won't be able to control all variables as I am just now learning the wonders of having a split file and things randomly disappearing and reappearing.

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Pen Fed gave me a 2.74% rate for a 4 year used car auto loan.

[sjt]

Thanks everyone for all your input.

I guess the balance of the loan (currently 100% utilization) offsets any benefits of have the installment loan until I get the balance down.

Sidebar: I got my 3B reports and went through the simulations and in a month I should get an increase of 10 points. This could be do to other factors, but at lease Im the lost points plus 3 back.