Why Doesn’t Paying Off An Installment Loan Improve my Credit Scores?

Why Doesn’t Paying Off An Installment Loan Improve my Credit Scores? Auto Loans by John Ulzheimer Share Share Email “I liquidated my IRA and paid off my truck but my credit score didn’t go up.”  This is another scoring myth that may not make sense, but it is based upon statistical data – the myth […]

Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit

Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit Credit Monitoring by David B. Coulter Share Share Email Not all credit is created equal. The credit bureaus, along with each of their scoring models, all take into consideration the types of credit accounts in a portfolio. While credit mix only […]