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auto loan?

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juggalo9er
Valued Contributor

auto loan?

had an auto loan from 2 years ago that was paid off in a trade in for around 6700. fast forward to monday and i pulled up my credit report (TU) and they never reported it paid just simply stopped reporting. the dealer in question said they were sorry and would update by the end of the week. i am curious if this would affect my score in any way? i already know it will lower my reported dti

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Luscher
Valued Contributor

Re: auto loan?

Could possibly give you a boost because you will have less debt but could bring your score down because the installment loan will be paid off. only time will tell
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
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