Car loan out and score up 1 point.

[Fico2Go]

The good news is i just paid off my car loan.   But unlike those who claim FICO will drop 10-20 points when installment TLs are closed, my fico actually went up one point.  

The bad news is it seems my debt to income ratio has increased to over 110% since there is now one less installment loan reporting the original loan amount as LIMIT.

Not sure what this all means but for me paying off a car loan doesn't mean FICO will go down.  In fact fico went up and installment debit to income went up.  

[takeshi74]

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@Fico2Go wrote:

But unlike those who claim FICO will drop 10-20 points when installment TLs are closed, my fico actually went up one point.  

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There could have been other changes that produced the net gain of one point.  There's also a tendency to assume that new accounts drop scores but dpeending on the specifics one could also see a score increase from a new account.  Are you sure you accounted for everything including account aging, rebucketing, etc?

[Fico2Go]

I can't say I accounted for "everything," but I have pulled my scores and reports once a day for the past week. Scores had been the same everyday, the only difference here is the car loan paid off.

Account aging and re bucketing is unlikely too, also no recent inquiry or new tradeline added or closed.

Keep in mind that I've been pulling and comparing my cr almost once a week, and daily for the past week to study cause and effect.

Very strange

[Fico2Go]

Also same util ratio on revolvers throughout my comparison.