I will be paying off 2 used car loans within the next month...cash... From other members experiences, how did this effect your FICO score? What type of point increase did you have or decrease ? All my scores are in the low 700's. I have a 8-10 credit history. From doing some research, I understand FICO likes to see secured loans, therefore, I was wondering how this would effect my scores. I have never been late on any of my credit cards, and I rarely carry any type of balance... Loan 1...3 years old. never late Loan 2...2 years old. Never late. I am sure there may be other factors involved, but I was hoping to get some idea. Thanks