Re: If I pay off my auto loan, how long will that account still positively affect me?
I dunno, but I'm sure someone else does ...
But I do know that the loan (if it was in the "satisfactory" category) will drop off your reports 10 years after the date you paid it off. Kinda looks like FICO is forcing us credit watchers to buy a new car at least every 10 years so that we can keep the car finance industry profitable. What, me cynical?
----------------- Bartender, bring another round of FICOtinis please!