Regular Contributor
InvincibleSummer2
Posts: 171
Registered: ‎06-15-2012
Re: Pay off part of student loan

It's possible, but since installment accounts are a relatively small part of your FICO score, it might not do much to your scores.

A lot depends on what the rest of your credit looks like. That money might better be used to pay down revolving debt, or to get a secured card. It all depends on what the bigger picture is in terms of your credit.