FICO Score increase for paid off car loan

[Anonymous]

I thought I'd just share with everyone that when I paid off one of my two car loans, my FICO score went up by 3 points.

I actually did not  pay it off but transferred it to a credit card using a balance transfer.  When the card reported the new balance, I lost 3 points that day, so I just got them back!

[Anonymous]

I started refinancing my truck with FAA First Credit Union week before last, Last week I lost 4-points for the CU TL showing up and this morning I gained 7-points for the FMCC loan showing as paid. 

Net gain of 3-points there, 

For those that can join the FAA First CU they have a couple good auto loan promotions going on, refi with them and get a $200 credit to your account, you'll also get a quarter-point off their interest rate for setting up auto-payment (which can be made from the share account) and if you are financing a vehicle that gets 30mpg or better,you'll get another quarter-point discount. 

Also, FAA First pulls Experian.