Paying Off A Loan Can HURT My Credit Score? || My Credit Score Didn't Go Up After Paying Loan



Paying Off A Loan Can HURT My Credit Score? || My Credit Score Didn’t Go Up After Paying Loan

HIRE US TO REPAIR YOUR CREDIT FOR YOU:

SUBSCRIBE:

Good Credit, Good Life T Shirts:

FREQUENTLY ASKED QUESTIONS:

BOOKS THAT CHANGED MY LIFE
How to Get Rich by Felix Dennis:
4 Hour Work Week by Tim Ferriss:
The Life-Changing Magic of Tidying Up by Marie Kondo:
The Nerdist Way by Chris Hardwick:
I Will Teach You To Be Rich by Ramit Sethi:

RESOURCES THAT CHANGED MY LIFE
The Points Guy
Million Mile Secrets
Audible
Boomerang

DOCUMENTARIES THAT CHANGED MY LIFE
Earthlings
Cowspiracy:
Racing Extinction
Chemerical:
Toxic Hot Seat:

SOCIAL MEDIA
WEBSITE:
INSTAGRAM:
FACEBOOK:
TWITTER:
IMDB:

JERA’S VEGAN MINIMALIST LIFESTYLE

SUBSCRIBE:
Paying Off A Loan Can HURT My Credit Score? || My Credit Score Didn’t Go Up After Paying Loan || Why didn’t my credit score go up after paying off my loan?

source

You may also like...

16 Responses

  1. Life is Good says:

    After i paying off my 5 year auto loan 2 year earlier. Then my score dropped 60 pts. I had never late pay, overdue, collection, even credit utilization is under 3%. What is going on ???

  2. Tonya Thompson says:

    I'm four years in on paying on my car. I have 2 years left but I want to pay it off. will this make my score go up? my situation wouldn't be considered as paying off early right?

  3. TheWingsoffury says:

    I paid of my truck 1 year early 10-15 yrs ago I would have gotten a big bump in my credit score, nope it went down 20 points..That is bullshit!! the banks, credit company are all practicing predator banking and loan practices.. It's all crap

  4. BzzKll2k15 says:

    I learned that lenders like seeing active debt paid monthly a lot MORE than Zero Balance accounts. Took a small installment loan 6 months before buying my Accord but it shot my score to the 790 range.

  5. Al May says:

    would getting the maxim um self lender loan instead of the minimum help my credit more?

  6. Joe Humpston says:

    The US government is broken!

  7. Shannon Mcwilliams says:

    Makes sense

  8. jim lewis says:

    Oh the Broomstick on I jumped on oh the Stick has nails and the sound was oh Ahhhhhhh

  9. Pew Pew says:

    I paid my auto loan off 2 years early. I expected to lose a few points, but my score actually went up 15-20 points

  10. DESTROYERTAY392 says:

    Shit just happened to me

  11. Alejandra Ramirez says:

    Yes!! this happened to me. I paid off a small loan a few months early to get it out of the way. When i tought i did a good thing:)….few weeks later i got an email from credit karma saying my credit score dropped 30 points
    🙁 wish I Would have seen this video before. Now I know for any future loans.

  12. Lemessia Combs says:

    Hello, I had a small bank loan that was paid off over 12 months and a car loan that was paid off over 3 years, never missed a payment both were automatic withdrawals and both has just recently been paid off. On my credit report they are reported as closed accounts and my score dropped 26 points.

  13. Omo A says:

    Please help I was disputing things on my report with the 609 letters only for euifax to add a collections to my account making my score drop signicantly pls help where do I go from here? Is this normal ?

  14. Brittany B says:

    Funny! I was thinking about this the other day.

  15. Jarod Thompson says:

    First round of letters was tremendous success! Thanks Brandon! Quick question, I never received anything back from Experian, only EQ and TU. Suggestions? I went ahead and sent out my second batch of letters though regardless and am keeping moving forward.

  16. Ashland Nicole says:

    Another great video thanks!

Leave a Reply