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Posted in Auto Loans
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Question By
Bethany12123

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0 People Helped
Better to pay off the remaining balance on auto loan, orpay ea month until loan is finished? 2k left

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Top Contributor
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If loan was posted on your report and been in acount from some time yes its good idea to pay off. 

if it was just resent loan then keep paying monthly 

Top Contributor
432 Contributions
364 People Helped

You have to weigh the cost of the interest and the economic return of intangibles, like another year or so of positive payment history, lower credit utilization, length of credit accounts, etc. Only you can make the determination of the value of the intangibles and compare that to the savings of interest on the loan if you pay it off.

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