AUTO LOAN CLOSED: NO IMPACT ON FICO

[barca]

just for data points , my experian reported cap one auto loan paid (closed today):

FICO 2 reacted positively, while FICO 8 reacted negatively.

As shown below, I did not really lose/gain points.

btw - I still have two loans reporting

[Anonymous]

What was your before/after installment loan utilization?  That's the factor that needs to be looked at here, along with one less account with a balance.  The closure of a loan in and of itself if you have other open loans isn't an adverse scoring factor, as you still will have recent installment loan information.

[barca]

before aggregrate utilization = 42%

after aggregrate utilization = 52%

So it was obvious the auto loan closure will not have much impact on me