What is the impact of non revolving loans (personal/vacation) on one's credit? | TigerDroppings.com
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Schwartz
Hail Victory!
Member since Nov 2006
26302 posts

What is the impact of non revolving loans (personal/vacation) on one's credit?

Say $3,500 @ 8ish% over 2 years but it ends up getting paid off within a few months. How is this viewed by future lenders? Is there risk associated with doing this on a yearly basis?


Mr.Perfect
Louisiana
Member since Mar 2013
7244 posts

re: What is the impact of non revolving loans (personal/vacation) on one's credit?
I've done this twice from la cap fcu and its never hit my report.


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