I am not sure this is where I can ask this question but have not seen another site that seemed correct to me. I am thinking about paying off two car loans in the next 6 months. I have had the one car loan for 15 months and the other one for 3 years. My question is will this hurt my credit score as I am not keeping the loans for the entire 4-5 years. I have read where people have paid off there loans and it did not give them any boost from doing this. My reasoning for wanting to do this is to save on the interest that I am paying. I could just refinance them as soon as my scores are good enough. Not quite sure what to do but looking to find out some answers from someone who knows how it will affect you. Thanks a lot.
