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
26269 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?






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Mr.Perfect
Louisiana
Member since Mar 2013
5374 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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