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paying down installment loans

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Anonymous
Not applicable
‎01-25-2008 07:00 AM
‎01-25-2008 07:00 AM

paying down installment loans

Will paying down these type of loans increase my score.  I have $6000 left om my car, I would like to pay it down to $5000, having a 1000 dollar left to pay.  I know paying it off will probably decrease my score.  Any input would be thankful. 
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Anonymous
Not applicable
‎01-25-2008 07:22 AM
‎01-25-2008 07:22 AM

Re: paying down installment loans

A small increase when the installment account gets under 65% utl.
 
You didn't say what the original balance was.
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