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Posted in Auto Loans
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Aly25

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How much will my credit increase if I pay off a 17,000 dollar loan in two months?

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Usually closing accounts will cause scores to decrease, but it really depends on how many other open accounts you will have left on your reports. Depending on the terms of the loan you might be able to save some serious money in interest as long as there is no early pay off fee. If you can save some money, I would say go ahead and pay it and don't worry about scores.

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