Understanding FICO® Scoring

[Asailorshort]

i just paid off my car about 9 months early.  But now I read on here somewhere that paying installment loans off early can hurt your score?!  If so, why?  I'm guessing it's because of credit mix.  If so, I still have an open installment with EX and EQ For my bf's car.  ( CU doesn't report to TU for some reason).  All 3 cra's have closed PIF'd installment loans showing from my 2 previous cars (compass bank and vw), though the oldest one is going to age off report in the next few months.

[Epcot]

I am curious about this as well. Several years ago I paid two auto loans off within a year of opening them. My scores didn't change all too much, but when I attempted to get a new auto loan shortly thereafter, the dealer told me my Auto Enhanced score took a dive.

[Asailorshort]

bump

or is this another ymmv based on what else is in your file?

[llecs]

I've been told by Barry that closed loans still factor into mix. Makes sense. As always YMMV. If anything there's a chance for an increase once closed because another TL reports a balance of $0.