paid off laon, score dropped! WTH

[momof2]

I paid off my car loan and the finance company reported it all 3 CRA's although EQ and EX arent yet showing $0 balance, but TU is, before this was updated my TU was 682 now it's 678,

Why did my score drop 4 points by paying this account off?

When will I get those points back?

And when EX & EQ update my CR's will those scores drop also?

[athensguy]

You may have lost "credit mix" if you don't have any other installment loans.

[Anonymous]

Only 4 points-

I have seen 0 to 20 points for paying off your only installment account.

4 points could easily be something else on your report as well-

---

momof2 wrote:

I paid off my car loan and the finance company reported it all 3 CRA's although EQ and EX arent yet showing $0 balance, but TU is, before this was updated my TU was 682 now it's 678,

Why did my score drop 4 points by paying this account off?

When will I get those points back?

And when EX & EQ update my CR's will those scores drop also?

---

[RobertEG]

You will never "get them back"

You reduced your mix of credit.