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Njgurl1

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How come my credit score dropped 38 points when I paid off a car loan?
I currently have no outstanding debt I would think my credit rating would have one up. Could this be a temporary drop? I also pay off my my credit card bills before they are due. I also keep them below recommended percentage of my credit line. Can anybody provide me with an answer thanks.

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When you close lines of credit your score will drop, especially in your case since you say you have no other loans. Take some time to do some reading on credit, the information is extremely valuable.

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