Why Did My Credit Score Drop When I Paid Off My Car? 👉 Credit Score Drop: Car Loan Paid Off 👉 Discover why paying off your car loan can lead to a temporary drop in your credit score. Find out how the closure of an installment account affects your credit mix and average age of accounts, and learn tips to mitigate this drop. Watch to understand how consistent credit management can help your score recover over time.
Laura S. Harris (2024, January 21.) Why did my credit score drop when I paid off my car?
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