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How does payoff of car loan affects credit history?
I had Transrisk score close to 800 for the past 2 years. In August I paid off my car loan and after that it came down 13 points and has not changed since. Why did this happen? I know that we shouldn't close accounts that we had for a long time, but these are applicable to credit cards only; i didn't think it would apply to a loan as well. There are no other changes that could've happened in August. I always make payments in full for my credit cards and had no issue with car loan.

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