Once you repay the loan, it’s no longer in the credit mix category.
With time, you should see your score rebound as long as you continue to demonstrate positive credit behaviors such as on-time payments and a manageable level of overall debt, Dornhelm said. Those with an 850 score generally have no history of missed payments, collections or derogatory information. The average age of their oldest account is 30 years. They seldom open new accounts, applying for credit only when necessary.
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