How much does your credit score increase when you pay off an auto loan?

Jul, 2010 in Build Your Credit by C.R.I.

The last time I viewed my credit report, it did not have my auto loan as paid off. I had paid it off about a week before my credit report was pulled. Does anyone know how much that will increase my credit score? My FICO score was 545 and I am wondering if it will increase significant enough to be considered for a home loan. I know the score is pretty low, but you never know with the housing market today.

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One Comment

  1. Cindy C
    9 May, 2010

    To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score

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