Does Paying Down Student Loan Balances Increase Score? Paying Them Off Completely?

[daudi81]

As topic states - I'm wondering if paying down student loan balances increase your credit score?

If I pay them off completely does it raise or lower my score?

As of now, most of my student loans are 75-80% of their initial value.

I can pay them all off in one lump sum and/or pay them down to whatever I need if it increases my score.

Thanks for any advice!

[moneystinks]

According to the credit simulators paying them down would increase my scores but not paying them off. Have you tried out the simulator to see what they think it might do?