I was excited to pay off my auto loan because I thought my credit score would jump. Instead it went down due to a drop in accounts & a decreased avg. age of credit. From what I understand, after you pay off an account it's supposed to hang around and influence your credit for 6 to 10 years, but my capital one auto loan went away the day after I paid it off.
How can I get some recognition from my credit score reporters that I did have that 7 year credit line? Does this line of thinking even make sense ??
