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Why did my credit score drop? When I paid off car loan early it caused a credit score decrease. This will we discuss why this can The first option is to pay the remaining balance of the loan at one time in one lump-sum payment. If you're interested in this option, you can find out the
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Depends on the lender and state, but as a general rule you can pay the loan in its entirety as soon as your account is created and payment is Paying off a car loan early is entirely possible but there are some nuances you'll want to consider. Paying off a car loan can do more than just lower your score, find out how it can keep you away from best rate financing.
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I am ELATED to announce I have paid off my first major debt in my debt freedom journey. SCREAMING NO MORE CAR Paying off too soon will not show the banks you can pay a loan over time. They won't know that you payed the car off in full and still have it. Will Paying Off My Car Early Tank My Credit Score?
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