This depends on whether this was an installment loan or a revolving debt with an available credit limit that still remains. Once the installment loans are paid they reflect no remaining credit available and thus should be closed. However, your credit scores are a direct relation to your balance - credit limit ratios. As a [...]

Popularity: 4% [?]

Many borrowers are aware of what their credit scores are but not many are aware that they can change their score in as little as 1 week. Until recently it took 30 - 60 days to make changes to a credit profile that affects the score. However, with the growth in technology the 3 major [...]

Popularity: 7% [?]