Established Member
jones2929
Posts: 13
Registered: ‎02-27-2013
Re: Paying Down Installment Loan - as Effective as Paying Down Credit Cards?

Thanks for the response.  So, if I were to pay off the installment loan, I might get a bump in my score, but it would be more from adding a zero balance than anything else.  Also, how much of a bump is it?  Minor?

 

I find the whole process fascinating.  It is like trying to decipher a mystery.