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Posted in Paying Your Bills
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Missm1018

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How much does paying off a personal loan affect you credit score?
How much does paying off a personal loan affect you credit score? On the simulator it shows how it helps when paying off credit card debt but not a personal loan

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Paying off anything will lower your score. Continuing to pay your other bills on time will slowly increase your score over time.

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It's not a set amount. If it's your only loan you'll see a dip...

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