refi auto loan-influence on score?

Discussion in 'Credit Talk' started by Mark LA, Apr 23, 2002.

  1. Mark LA

    Mark LA Well-Known Member

    One more quick question - this time regarding auto refi.
    how much would my score go up if i paid off my auto loan?
    got an offer from generations bank to refi my auto loan - and they do not report to any cra.
    If i took them up on their offer - it would appear as though my auto loan has been paid off.
    how much do scores usually go up after pay off?
    orig loan ammount: 16K
    payoff amount approx 10K

    thanx in advance for any info on the matter.
     

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