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Question By
Dpl80

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0 People Helped
If I pay off my 18month loan in 6 months will it hurt or help my credit

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Helpful to 10 out of 12 people

Here's what you do. Pay off all of the loan but for one dollar. Leave this dollar on the account for the durration of the loan. Doing this keeps your account open with you in good standings. Intrest can only accumulate on the one dollar you left unpaid.

Reply by
Kandrea01

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How can you leave $1 for more than 1month they would still expect payment every month till nothings owed??? Please deliberate.

Reply by
keitharcher

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1 Person Helped
Helpful to 1 out of 1 people

Helpful because it's probably a good idea to keep the acount open but pay it way down.  Not down to $1 however.

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1 Person Helped

Loans

Helpful to 1 out of 7 people

Do u have more than 1 loan? U need a variety of things on your credit . Retail,master or visa,car loan or loan and installment payments if you only have 1 loan it will hurt you if you more and this is they longest one u have it will also hurt u u want the longest items on there u can get the longer they r there and paying the better

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