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Score changes

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Anonymous
Not applicable

Score changes

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?

Message 1 of 4
3 REPLIES 3
kxkxkxx
Regular Contributor

Re: Score changes

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.

 

Current FICO 8 Scores
EQ 759
TU 748
EX 744
Message 2 of 4
BallBounces
Valued Contributor

Re: Score changes

What score change are you expecting?

 

 

Message 3 of 4
Anonymous
Not applicable

Re: Score changes


@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.

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