That depends upon the type of debt, whether it is reported to the credit agencies, and your credit utilization ratio. The links below have further information.
https://www.thebalance.com/how-your-debt-affects-your-credit-score-960489
https://www.nerdwallet.com/blog/finance/credit-score-pay-debt/
https://www.credit.com/blog/2019/12/how-does-paying-off-a-loan-affect-your-credit-score-64668/
