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| *Loan,banking and credit>>>auto loan |
Lets Say Your Credit Score is 621, if you pay off a auto loan, how much higher will score rise? |
By How many points? This is a good question. It depends on so many things that there is no REAL answer. If you have a lot of open accounts, closing one will help you. But if you have limited credit history..... it won't...... Source(s): Financial institution manager My bank told me that my credit score would not increase if I paid something off. The only way to increase credit is to pay every bill on time and be current for a period of time. And, you can contact anyone who has a bad mark on your credit report that you don't think belongs there. There are so many variables to determining your credit score that no one can tell you - with any certainty - how much your credit score will rise (or fall) if you pay off your auto loan. |
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