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Posts: 10,907
Registered: ‎12-30-2011
Re: Auto Re Fi

kcanes53 wrote:

I have a Auto loan with Cap one that I have been paying on for a year and I got approved with NFCU for a re-fi . Will the Cap one account still show on my CR or will my AAOA be affected by taking the new loan ? 



AAOA might be affected by the new loan (new tradeline with 0 history after all); however, the C1 auto loan will eventually update to 0 balance / paid and then remain on your credit report for the next 10 years or so.  You only will take the AAOA hit for the new tradeline, the old tradeline will still remain.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)

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