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Do installment loans affect your credit score 2024?

Olivia Campbell | 2023-05-07 09:37:07 | page views：1401
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Isabella Lopez

Studied at Harvard University, Lives in Cambridge. Currently pursuing a career in law with a focus on human rights.
It is a fact that a lower installment loan balance relative to the original loan amount is good for your credit score. Keep in mind, however, that it can take years of payments for your installment balances, especially on mortgages, to be considerably lower than the original loan amount.
2023-05-12 09:37:07
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Zoe Martin

QuesHub.com delivers expert answers and knowledge to you.
It is a fact that a lower installment loan balance relative to the original loan amount is good for your credit score. Keep in mind, however, that it can take years of payments for your installment balances, especially on mortgages, to be considerably lower than the original loan amount.
Did You Know: The influence of installment debt on your credit scores ...
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