Paid off loan!!

[MrCredit2014]

Anyone that can help me determine how many points my score will go up once a car loan is paid off?  I'm lost in this area of credit!

[oldcreditwoes]

I am no expert, but I would venture to say that it depends....(how is that for being ambiguous?).....depends on  how thick your file is, depends on past credit history, etc

all in all, probably not a whole lot of bump in score....the biggest impacts will be the fact that you now have a lower DTI ratio, and it will report as a positive TL for 10 years on your CR., assuming you have no lates in the payback history.(myFico oracles, correct me if I am wrong)

you will get your biggest score jumps from lowering your utilization % on revolving accounts......i.e CC, etc 

paying off installment loans are less impactful, I believe.  That said, it will contribute positively in the long run

[Gunnar419]

Some people have actually reported their scores going down after paying off car loans or mortgages. Sorry, it doesn't seem right, but it all depends on your profile.

[MrCredit2014]

Well that's not so good news but at least it frees up some cash! Thanks for the insight everyone!