@twiddledee wrote:
Paid off a Springleaf consumer loan of $2750 and my FICO dropped 9 points. Is this temporary or what I thought it would help my score. Confused
Under the FICO 8 scoring model it seems paying off your last installment loan is not looked at kindly but I think it's more important to realize that you have one less debt.
Bottom line is you are not alone. And in the bigger picture a nine point drop is not all that much.
