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Credit history question

B

boyRacer

Lifer
Does a loan (student loan, auto loan, etc.) have the same effect on your credit history as credit card debt? Provided you pay off the loan completely, will it count the same on your FICO score as paying off credit card debt completely?
 
Ahh ok. So debt is debt then... like paying off a $20k loan is basically the same as paying off a $500 cc bill when it comes to your FICO score. thanks. 🙂
 
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