Paying off a loan

[autofly]

I have a student loan that I only owe $280 on.  I had some late payments on it about a year and a half ago, but current ever since.  If I pay this off what can I expect to see from my FICO?

Auto

[Anonymous]

Expect little change.
If this is your only installment account- it could actually drop a few points.

[autofly]

It's not the only one.  I have lots of paid off loans and another student loan still open that I owe 20K on.  I just want to pay this off so I have less bills.  I was leaving it open so I would have more open TL's, but now that I am here and have CC's I want to get rid of this thing.

Auto

[Anonymous]

Lower # of installment accounts is better to the FICO gods.

Pay it off and see what happens.