How much does your credit score go up after paying off a loan?

+1 vote
asked Mar 26, 2018 in Credit by Wolfyhaf (310 points)
How much does your credit score go up after paying off a loan?

1 Answer

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answered Mar 26, 2018 by Grahlu (51,270 points)
Once you've fully paid off a loan you've been paying on you should see your credit score increase by at least a couple points.

That's what my experience has been personally when I paid a loan off last year my credit score jumped 2 points after paying off the loan.

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