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sybercruzn

2 Contributions 112 People Helped
Member since: May 2010

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If I pay off my car loan entirely, will this help my credit rating

Helpful to 112 out of 117 people

It may not help your credit rating but you will have "peace of mind"  Never be afraid to pay off debt!!  Debt free is a worry free life :-)

- Oct 17, 2011

Response by sybercruzn

2 Contributions
112 People Helped

Activity (2 Total Contributions)

If I pay off my car loan entirely, will this help my credit rating

Helpful to 112 out of 117 people

It may not help your credit rating but you will have "peace of mind"  Never be afraid to pay off debt!!  Debt free is a worry free life :-)

- Oct 17, 2011

Response by sybercruzn

2 Contributions
112 People Helped

Top 5 Credit Misconceptions

Love this site so far. I just ran my credit score (it's 609)and have also pulled all 3 credit reports. I am at the tail end of paying off my credit card debt in which most cards went into collections. I have one more to settle but have two judgements that have been paid off within the last 5 months yet they are still showing as unresolved on my credit reports. How can I change this and what effect will it have on my credit score once they are shown as being settled?

- May 21, 2010

Comment by sybercruzn

2 Contributions
112 People Helped