Score increase or not

[rr6201]

My wife and I purchased a new truck last June 2012 $35000 we paid it off this month should we see a score increase on are credit reports or not we also have another auto loan and she has several student loans. So one less installment loan

[DaBears]

Auto/Installment loans have very little affect on Fico scoring. 

[rr6201]

Thanks for the fast reply that was a $777 payment feels good to not have to pay it anymore and hopefully it will help with dti when we apply for home loan

[DaBears]

WOW!!! almost like having a mortgage payment lol. It will definately help with your DTI.