psstation
Oct 13 2005, 07:52 PM
Hi everyone. I have a loan in rehab now that will be current in Feb. I was planning on paying it off after that. My question is, this loan has never appeared on any CRA's. The rehab is currently with DCS and that is not appearing either. Should I request DOE report it after I have completed rehab? One of my problems is Equifax only has an 88 month credit history for me and I thought a loan that I started paying back in 1985 might help add some age to my file. Another positive TL wouldn't hurt either, even though it's an installment. Any thoughts?
TxQuiltGirl
Oct 13 2005, 08:54 PM
They won't report it and you wouldn't see a positive change in your score either. For some reason FICO doesn't count positive installments very highly.
psstation
Oct 14 2005, 12:41 AM
Oh, I see. Thanks for the info! I guess I'll just be satisfied that it will finally be paid off once and for all.
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