car loan payoff: score goes up or ?

Discussion in 'Credit Talk' started by david1, Oct 7, 2002.

  1. david1

    david1 Well-Known Member

    When a car loan with good standing is paid off say after 9 months does it help for fico score to go up down?
     
  2. Manequinne

    Manequinne Well-Known Member

    Hey,

    I can't remember the poster, but someone suggested it takes about 24 months of good payments for a loan to do good for your score.

    It might be different now though.

    I'm sure paying off any loan will help your score.

    I'm trying to search for the post, but my poor computer is old and slow ;-)
     

Share This Page