Moderator
Posts: 27,206
Registered: ‎09-13-2012
Re: unsecured personal loan - how much will score drop once paid off?
Installments don't weigh as much into your score. However, some have reported that once an installment loan closes there is a drop. Maybe due to FICOs credit mix algorithm . It is really would be a guess. I'd suggest using a credit score simulator for a better idea.