Installment Util?
Date: Tue, 03/31/2009 - 14:43
how much of an affect does installment balance have...my student loans are in good standing, but the balances are high from interest and the like (i had previously defaulted but completed their rehab program)
If you have defaulted with your payments, it will reflect in you
If you have defaulted with your payments, it will reflect in your credit report for seven years and affect your credit score. Only if the missed payment gets removed from your credit report, your score will improve.
I understand that, but i'm asking if the actual balance has any
I understand that, but i'm asking if the actual balance has any effect. do installments have util like credit cards do?