Frequent Contributor Posts: 360 Registered: ‎02-20-2008 Impact
of Auto loan payoff?  Is there a positive score impact if i have
an auto loan paid off?   I have two autos right now with roughly
13k on each...if i have one paid off, will i see a score bump? 
Right now they're at about 75% of max balance.  Valued
Contributor Posts: 1,472 Registered: ‎09-18-2012 Re: Impact of
Auto loan payoff? I just paid mine off this month. I think a
bump will occur because it will be an account reporting a 0
balance. From what I understand the more accounts reporting a 0
balance, the better. New Member Posts: 1 Registered: ‎07-09-2009
Re: Impact of Auto loan payoff? [ Edited ]  If you still have 1
auto loan open, then I'm gonna say your score will rise. You
have to look at a balance of the types of accounts you have.
Sometimes, a person with no mortgage account and pays off their
auto loan early will see a decrease in their score, but where
you still are keeping 1 of your auto loans open, this shouldn't
be the case. If you jus