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EQ Score

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babbles
Established Contributor

EQ Score

I had a $5720 balance on my personal loan and just paid $4000 on it bringing it down to about $1720.  I've only had this loan for about 3 months.  Will my score rise or fall?   It is currently a 716.   I will probably pay this down to about $200 and hold until about 6 months before paying off.
Message 1 of 3
2 REPLIES 2
IOBA
Senior Contributor

Re: EQ Score

Based on what I have read here, your credit score should increase.  

 

You will have less debt.    Smiley Happy  

Message 2 of 3
llecs
Moderator Emeritus

Re: EQ Score

IMO, your FICO score will remain unchanged, with all else being equal.
Message 3 of 3
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