Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Scores
Profile Image

Question By

0 Contributions
0 People Helped
Will paying off my car loan hurt my credit score?
I currently have a car payment that has a higher interest rate.
I am also looking into purchasing a house. If i pay off my car loan the only other accounts on my credit will be 4 credit cards ( all in good standing and low balances).
I have been told if i pay off my car loan it could hurt my credit and affect me from being able to get a loan for a home in the near future.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.