In a couple weeks, I will be making the last of my 72 payments on my auto loan (WooHoo!!!) My question is how this may affect my credit score? Would it affect it positively for paying off a 6 yr. loan with all payments on time, or might it be negative because that is one less payment that I will have reported each month? If it's a good thing, how much of a score increase might I see?
Also, just some advice if I may....After the car loan is done, the only credit report items I will have is my mortgage, Capital One card, and a student loan that will be coming off forebearance in May. Is that enough credit items do you thing or should I try and open another account or 2? I have the extra incoime to do so, but wouldnt want to bother if it won't have a chance of improving my score....Thanks for any advice!!
