What does the lack of recent installment loan information mean on a credit report?

What does the lack of recent installment loan information mean on a credit report?

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What does the lack of recent installment loan information mean on a credit report? The lack of recent installment loan information means that you haven’t reported an active installment loan in the last two years. Installment loans are things like car loans and some types of personal loans. Suppose you do not have installment loans. … Read more