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Question By
pixieagogo003

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Paying off loan early equals big drop!!!
I paid off a loan, small $1300 loan early and now my Transunion score dropped 69 points! Isn't that pretty drastic? How long will it take for my score to start coming back up?

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Sadly, when you pay off loans your credit can take a hit. Remember this site is not your actualy Fico score so it using a different scoring model.  This model the Vantage 3 does not like you paying off cars or loans. Credit scores like that you are being lent money from someone and react accordingly.

Reply by
pixieagogo003

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Do you know how long it generally takes to come back up?

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