Paying off my car loan
09-16-2007 12:32 PM
I owe about $13,500 on a car loan, and I recently inherited enough cash to just pay off the loan. I'd rather put it into my house, but without going into too many details, paying off the car is pretty necessary. I have been working hard for 2-3 years to improve my scores, and this loan was actually good for my credit since I pay on time. Will it hurt me to pay it off? Not sure I can avoid it, just wondering what to expect.