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Question By
smelli

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Paying towards principal to increase credit score
I currently owe 17,000 on my car loan. If I pay a couple thousand or so towards the principal will this help increase my credit score at all? Has anyone done this and boosted their score?

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*Ahem*

What the double ****?! That's not what I wrote, AT ALL. I mean, that IS the question I'm asking but I did NOT put how much I actually owe. So credit karma pays someone to re word questions to the community. ???????? πŸ˜‘πŸ‘ŠπŸΌπŸ‘ŠπŸΌπŸ‘ŠπŸΌπŸ‘ŠπŸΌ

Reply by
smelli

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OR it's a computerized system which sounds dangerous considering this is probably millions or at least hundreds of thousands people's identity information.. I don't think I'll be using this site anymore. Thanks but no thanks πŸ–•πŸΌ

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Paying a car loan down will not really help unless its over a long period of time. Credit cards however have a huge impact. If you have credit card debt pay that instead and as your utilization goes down your score will rise!

Reply by
smelli

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Thanks for your response but all my credit cards are under 10% utilization. I have a 755 credit score, just trying to reach 800. No inquires in two years and don't plan on it until I trade in my car. I'm ****ed about this community/response thing. Kinda think it's fake. Kinda think that credit karma has no boundaries for personal information. There's a statement above the posting box to be mindful of what you write and not give personal info. But they did that for me.

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