Paid off personal installment loan. Credit score went down.

[Anonymous]

So I just paid off my personal loan 4 years early. It was only 5k. The company reported it as paid and my score went down 2 points.

My credit card utilization is $1.00 out of $26000..lol

Old score 801 new score 799.

[Anonymous]

Do you have any other open installment loans?  (Student loans, auto loans, home loans, personal loans, etc.)

PS.  If I were you, I'd tend to have a slightly higher balance reporting.  An ultra-tiny balance can sometimes be treated as $0.  $4 is safe, though I usually just make it $5 for simplicity.