massagemama wrote:
Maybe I'm old school, but why wouldn't you pay off something that you can afford instead of paying interest?
Keeping an unnecessary loan sounds like a rather expensive way to improve your credit score.
I'd pay off the car too if I had it. I might by that boat I've been eyeing but I wouldn't keep a balance on the auto loan if I could pay it off, regarless of FICO score. I always pay that "1 to 9%" during the grace period.
