I paid off my auto loan last week. After it reported as closed to the 3 credit bureaus I only experienced a minor point loss on both Equifax (-3) & Experian (-1). No change to Transunion.
I have no other installment loans open. They have all been paid in full and reporting closed but I do have a mortgage and minimal credit card usage reporting. All scores are over 800.
So glad to not have to make monthly car loan payments
Great feeling to have a good car that you really like and PIF ! Congrats on getting the monkey off your back
Congrats! Now your mortgage is the only installment loan reporting. So you didnt get whacked with no loans reporting for your credit mix. Good job!