cancel
Showing results for 
Search instead for 
Did you mean: 

Student loan

tag
Tran92
Regular Contributor

Student loan

I finally got done paying off my student loan today of 1200 left over. Should I expect an increase in my credit score? I have 3 revolving account right now and keep uti at about 6-7%.  Also will the loan still report even though i pif? I heard closed accounts including loans last for 10 years.

TU 746 (10/13)
GOAL: 750+






Message 1 of 2
1 REPLY 1
laz98
Senior Contributor

Re: Student loan

Congratulations on paying it off!

 

If that is your only installment loan, you *could* see a small drop.  If you do see an increase, it probably won't be anything dramatic.

 

Yes, the loan should still report even though it is now paid off.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.