cancel
Showing results for 
Search instead for 
Did you mean: 

Question

Established Contributor

Question

Would paying off a auto loan boost my credit or keep it stable?  the reason why is I have $1250.00 left to pay on it.  I read it doesn't do nothing.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



2 REPLIES
Epic Contributor

Re: Question

You probably wouldn't see much from paying it off.  There is a separate utilization for installment TLs but they factor very little into your score.

Established Contributor

Re: Question

damn


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge