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garrobo1

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how will a payed off car loan affect my credit
Vehicle was totalled. Gap coverage is going to pay off the loan. How will this affect my credit and if positively, how much.

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Paid off loan should help credit

If you've had the car awile and paid promptly, then you should should be rated highly that account.  Your dealer and your Bank or Credit Union would probably love for you to do it again...lol.  Sometimes a new loan will drop your score momentarily, but it will bounce back in a few months.  Go for it!

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