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JodiLe

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What will improve credit faster, paying everything off at once or slowly?
I have a student loan, credit card, and an auto loan on my credit. I'm able to pay them all off now. Is it better to pay it all off at once or slowly over time to show consistency? I'm trying to get approved for a house. Thank you for any input and advice!

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The more credit you have available to use, the better.  If you can pay everything off now, just think how much you might save in interest charges!!  Please read the articles on this site so you can learn how to build and maintain a good credit score.  Also, use the home affordability calculator here.

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Paying off a school loan will have no real affect on your credit, increase of a few points.  Paying the auto loan on time will actually help your scores to continue to increase as opposed to the one time increase for paying it off.  Reason for this it is an installment loan, it doesn't add to your available credit when you pay it off.  Paying off a credit card will help you, because it will drop your CC utilization and increase your available credit.  To be honest, adding a CC may actually help you get your scores up.  This happens because, once again, your available credit and low CC utilization + paying all accounts on time will increase your scores every month.  

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