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Posted in Auto Loans
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proudparent10

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truck loan paying it off
I am getting a small loan because my truck loan is about to be paid off at the end of February, I have read that normally paying off a loan will not increase your credit, but since I will have another account open on my credit will it actually increase it?

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You can see the effect on your credit score by using the Score Simulator program on this site.  Credit Karma is all about teaching people how to build and maintain a good credit score and to understand how credit works.  Please use it so you can have the credit knowledge you need.

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