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Will paying off loan help score

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wfreeman3
New Contributor

Will paying off loan help score

I just traded in my motorcycle.  I had a 36 month loan that I had paid on for 12 months.  I just bought another bike with another lender and as part of that they paid off my original loan.  Will this help my scores at all? or will it just be a wash?
 
Thanks for your thoughts

Starting Score: 766
Current Score: 766
Goal Score: 800


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1 REPLY 1
Regular Contributor

Re: Will paying off loan help score

I don't know the official answer to this. But I recently refinanced my auto loan with another company and I did not see a score increase.
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