Established Member
Posts: 12
Registered: ‎01-23-2008

paying off a car loan

I have couple of questions.
In June I will pay off my Lexus SUV through Toyota credit. 5 year loan Will this effect my scores in a positive or negative way?
I have 6 revolving TL
2 mortgage TL
2 installment TL (one is the lexus)
Also, after I pay off the SUV, I am thinking about financing a boat. Help or hurt?
Thanks for all your help  

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+