1. Feb 21, 2003 #1
   

   taylortd Well-Known Member

   hi,
   I'm about to payoff the only open installment loan
   on my CR's. This will leave 5 closed insallment loans on my reports, all paid in full and no negatives.
   
   Anyone have any experience with scores going up/down due to this? This seems like a positive but
   from what I have read so far I am thinking I'm about
   to take a hit.
   
   Thanks,
   Todd

    

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3. Feb 21, 2003 #2
   

   FunkSoulBr Well-Known Member

   In the short term you would take a hit. Score would drop. But in the long term, it would be positive.

    

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