What effect does loan history have on credit report?

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Harmon Muller asked a question: What effect does loan history have on credit report?
Asked By: Harmon Muller
Date created: Mon, Jul 26, 2021 3:01 AM
Date updated: Wed, Jun 22, 2022 11:43 AM

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Top best answers to the question «What effect does loan history have on credit report»

The age of your credit accounts and length of your credit history can directly impact your credit scores. While not necessarily the most important scoring factor, having a long history managing loans and credit cards—especially one filled with on-time payments—can help you build excellent credit.

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