I’ve had the car for 5 years. Refinanced once and no late payments. I’ve got the money to cover the payoff amount but wondering will it improve my score or hurt it?
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It can possible hurt your score depending upon your credit mix.
See https://www.experian.com/blogs/ask-experian/does-paying-off-a-car-loan-early-hurt-your-credit/
See also https://www.bankrate.com/finance/debt/pay-off-truck-or-credit-card-debt.aspx
It can possible hurt your score depending upon your credit mix.
See https://www.experian.com/blogs/ask-experian/does-paying-off-a-car-loan-early-hurt-your-credit/
See also https://www.bankrate.com/finance/debt/pay-off-truck-or-credit-card-debt.aspx
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