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Posted in Auto Loans
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manabusd

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how much will my score go up when i pay off one car loan. I have two open loans now but pay off one

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Paying off loans is always a good thing.

but the reality is that if you pay it off you could see a drop in your score,  If your patient you should see it bounce back after a couple of months.  If your score is pretty good, you might open a new credit card account to offset the loss to your debt to available credit ratio before your pay off the first car loan. 

Good luck

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