Quantcast
Channel: Does installment loan amount affect credit score? - Personal Finance & Money Stack Exchange
Browsing latest articles
Browse All 2 View Live

Answer by Erik for Does installment loan amount affect credit score?

Higher credit card limits on their own do not reflect positively on your credit score - what is important is your utilisation. Having 10% utilisation on a 10k credit card will be more favorable to a...

View Article



Does installment loan amount affect credit score?

I am looking to finance a new car purchase. The total cost of the car comes out to $18k, and I am able to put up to $10k down. Assuming that my goal is to maximize my credit score in the long run,...

View Article
Browsing latest articles
Browse All 2 View Live




Latest Images