cancel
Showing results for 
Search instead for 
Did you mean: 

FICO Scoring

tag
kaymom
Contributor

FICO Scoring

I have had my car for two years, this June. If I sell it, will my FICO score drop or increase?
A Fresh Start
Message 1 of 3
2 REPLIES 2
Shogun
Moderator Emeritus

Re: FICO Scoring

That account will stay on your CR for 10 years adding to your AAoA.  It shouldn't make a difference.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 3
thom02099
Valued Contributor

Re: FICO Scoring


@kaymom wrote:
I have had my car for two years, this June. If I sell it, will my FICO score drop or increase?

Paid auto loans have very little impact on one's scores.  Same for other personal loans, maybe a point or so +/- .

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.