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I paid off a student loan with a lump sum payment of 30,000 and my fico scores have not changed. Anyone know why that would be?
How long ago did you pay them off?
I know for me, sometimes it can take up to 2 months before something gets recorded on certain credit bureaus.
What score change are you expecting?
@Anonymous wrote:I paid off a student loan with a lump sum payment of 30,000 and my fico scores have not changed. Anyone know why that would be?
Not enough information provided to say really. It would depend on whether or not you have other open loans currently and if so, what their current balances / original balances are. It also depends what your original loan balances were.
It's possible you could anything from a score gain to a score loss from paying off your loans.