Valued Member
Globalgirl
Posts: 49
Registered: ‎01-02-2013
Will paying off an Auto Loan hurt my credit?
Currently, my TU FICO score is 630. I owe approximately $800 on an Auto Loan. I would like to pay this off but I'm not sure if this will hurt or help my credit since I only have one small installment loan, everything else is revolving. Any input would be appreciated! Thanks!!

If it helps, how many points do you think I'll gain?
Equifax: 6/2013 (647) / 10/2013 (647) / 11/13 (654) / 6/05/14 (725)
Experian: 6/2013 (673) / 10/2013 (684) / 12/12/13 (692)
TU Walmart: 6/2013 (683) / 10/2013 (693) / 01/2014 (704) / 06/05/14 (705)
Goal Score: 700 across the board