2006-07-14 12:50:51 · 7 answers · asked by Manvin 1 in Business & Finance ➔ Credit
This will help since it frees up your funds if you decide to obtain further loans.
2006-07-15 12:57:27 · answer #1 · answered by John H 4 · 0⤊ 0⤋
It shouldn't hurt it, although I did that a while back, and next time i went to buy a car, the dealer said I would have had a better financing deal if i had just paid that as scheduled. I was also told by my bank that, generally, number-wise, a car loan is just any other loan, but it means a lot more when you get evaluated for another car loan... does that make sense?
2006-07-14 20:37:22 · answer #2 · answered by chuckynjwvu 2 · 0⤊ 0⤋
It's ok to pay off your car loan. It shouldn't hurt and if it does it wouldnt be much. Paying off debt in full is better than paying debt payments. So pay it off as soon as possible!
2006-07-15 00:03:29 · answer #3 · answered by NOVA50 3 · 0⤊ 0⤋
Yes because it let lenders see that you had the extra cash and that your income was not pay check to pay check cause you made the extra pay off also it is like you borrowed today and was okay to pay it back tomorrow lenders like seeing that and it boost your credit scores way up hats off to ya.
2006-07-14 21:01:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No .
It does the exact opposite.
You need to pay it off as scheduled to earn the best credit score.
2006-07-14 19:53:27 · answer #5 · answered by Matty 4 · 0⤊ 0⤋
I dont know if it'll help or not but hey if you've got the money now go ahead and pay it off; couldnt hurt it!!!
2006-07-14 20:11:02 · answer #6 · answered by its just me! 2 · 0⤊ 0⤋
It won't hurt it.
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2006-07-14 20:17:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋