Moderator Emeritus
Posts: 32,880
Registered: ‎08-04-2007
Re: Seeking advice on auto refi after BK

If I had that, and if I had the means to PIF, then I'd pay it off. I'd pay it off to save on the interest. On a FICO scoring standpoint, it doesn't matter when you pay it off, the baddie aspect of the TL (the lates) would still be there and still age at the same pace. FICO (and lenders) really don't care if you pay on time; they care if you don't pay on time. It primarily scores off the worst past deliquency and the time between that deliquency and now.