Regular Contributor
Asailorshort
Posts: 205
Registered: ‎06-04-2012
Installment PIF early ... Hurt or help score?

i just paid off my car about 9 months early.  But now I read on here somewhere that paying installment loans off early can hurt your score?!  If so, why?  I'm guessing it's because of credit mix.  If so, I still have an open installment with EX and EQ For my bf's car.  ( CU doesn't report to TU for some reason).  All 3 cra's have closed PIF'd installment loans showing from my 2 previous cars (compass bank and vw), though the oldest one is going to age off report in the next few months.

Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013