cancel
Showing results for 
Search instead for 
Did you mean: 

Paid off car loan affect.

tag
Anonymous
Not applicable

Paid off car loan affect.

Well paid off my car loan score dipped 12 pts on experian still waiting on TU and eq. I knew this would happen as now I only have CC and lost a loan which is 10% mix of credit score hopefully it will go back up over time because I don't want another car payment.   

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Paid off car loan affect.

You can regain all those lost points and more through the Share Secure Loan technique.  Just read the first 2-3 posts in this thread to understand how it works:

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...

Message 2 of 3
Anonymous
Not applicable

Re: Paid off car loan affect.

TU also took a 12 point hit

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.