1. Apr 1, 2009 #1
   

   ceretta82 Member

   Does anyone know how paying off my car loan will affect my credit score?

    

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3. Apr 1, 2009 #2
   

   JoshuaHeckathorn Administrator

   Paying off an installment loan will have little or no positive effect on your credit socre, unlike revolving debt. However, it will be a great feeling to drive your car around knowing that you no longer owe "the man".

    

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