Unfortunately, you will NOT see a score jump in paying off your auto loan (as I sadly learned AFTER I paid off my car loan thinking the same thing would happen). The 'FICO scorers' like to see a variety of loans on your credit report, including "installment loans" like your auto loan. Paying off an an installment loan early (even though you are technically reducing your debt) is not seen as a positive because you have paid off an installment loan from your file which showed regular monthly payments, which the 'FICO scorers' like to see. This is totally contrary to paying down credit card debt, or "revolving debt," which will lower your outstanding debt ratio, thereby raising your FICO scores. I know it sounds ass backwards, but that is simply the way it is in the 'FICO scorers' world.