i purchased a vehicle and have only made about 4 payments on it. it was totalled over the weekend so if the car is paid off after only 4 months how does this affect my score? has it been long enough to establish a payment history? is this going to cause me to loose points?
If the account is going to be fully satisfied, without any lates, the account will remain on your report for up to 10 years after closing. This will help your scores in the long run.
Starting Score: 469