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Contributor
Posts: 97
Registered: ‎05-29-2007
0

Car paid off

I recently just paid off two cars. When I purchased the 2nd , my score dropped like 30 points. I recently paid off both but only one car has reported. The balance is at 0 and I was alerted about the change in my credit report but it didnt change my score at all. Is there a delay with this sort of thing or may there not be a score improvement?
Frequent Contributor
Posts: 435
Registered: ‎06-17-2007
0

Re: Car paid off

There is a constant delay on scorewatch, the majority of time, it doesn't send alerts for anything. Its almost a worthless service. Buy your report again and chances are the score has changed.
Sept 07 EQ 419

April 2012 EQ- 669 EXP- 680 TU-700= Proud New Homeowner!
Super Contributor
Posts: 8,183
Registered: ‎03-25-2007
0

Re: Car paid off

Scorewatch is a little slow, but I averaged two alerts a month over a couple of years.  I am in the "slow but steady - getting older and better" phase of my credit improvement, so this suits me just fine.  I have had all the really dramatic improvements I am going to get (using the advice so freely available here  :smileyhappy:)
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Contributor
Posts: 97
Registered: ‎05-29-2007
0

Re: Car paid off

I purchased the report today and the score is still the same. I sure hope that there is some sort of delay. It showed up on the alert on July 26th, which was Friday. I would have to think that paying off the car would bump my score a little because it was hammered when I added the 2nd car and there have been no late payments.
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