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why would paying off an auto loan decrease my score?
I am so confused and angry. I understand that closing a revolving credit line such as a credit card reflects negatively (not sure why but understand that it does). However, I was under the impression that if you pay a lien off it would reflect positively. I recently paid my vehicle off early (by about a year). I expected to see my score go up not only because I met my obligation and paid on time for several years but also because I decreased my debt by $4100. Instead what I saw was a decrease in my score due to "closing an account". I did notice that the bank turned it in as "closed" rather than "paid in full". When I inquired with the bank about this, their response was that is how they turn in all paid off loans and that my score should not have gone down. They are not willing to reach out to the credit bureaus to have the issue changed. Can anyone please explain to me why my score would go down rather than up for paying off an auto loan? And is there anything that I can do to have it re-evaluated and fixed?

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