paid off a signature loan early last week..today it hit my EQ credit report as paid in full, closed, 0 balance.. no score raise whatsoever. bah. I at least expected 1 point.
Makes no sense. I just paid off an installment loan in 2 years instead of 4, with no increase in score. Oh well, at least it's a positive trade line - and always will be. And it's nice to have one less payment to make.
Everything I've read on the Internet (and here) about the FICO indicates that Pays as Agreed is the best you can hope for. There's no such thing as Paid "faster" than Agreed. Depending on what it is you pay off, though, could help with the number of accounts and utilization that are reported.
