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Difference in Scores

Valued Contributor

Re: Difference in Scores

scaredstrait wrote:

I have a question about why my fico score did not increase?


I just paid off a 39,000 student loan about two months ago and did not see any increase in my score or alerts on this site? Why is that? Do I have to report this to fico or is it the creditors responsabitlit?

Most posters report a score drop when paying off an installment loan - if it is their only open installment loan. An active loan(s) with a low combined balance to loan ratio is looked at as a positive factor in scoring. You lose that factor once loan is closed. On the flip side, a new loan with a very high balance to loan ratio may negatively impact score.


An open loan, just because it is open, does not negatively affect score. It's the state of the loan and payment history that can help/hurt score.

Fico 8: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 9: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 4 .....:. EQ 804 TU 823 EX 830 (3/2017) EX Fico 98: 839 (3/2017)
VS 3.0:...... EQ 832 TU 832 EX 832 (3/2017)
Fico 8 BC:. EQ 887 TU 899 EX 900 (3/2017)
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950 (4/2017)
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