2007-01-01 18:27:19 · 12 answers · asked by castmedjj 1 in Business & Finance ➔ Credit
Your credit rating should go up because you don't have an outstanding debt anymore and also because you have been paying it regularly (without defaulting hopefully), they will know that can pay off your debts and this will make it easier for you to get credit, if you want to take out another credit agreement.
2007-01-01 18:34:20 · answer #1 · answered by Anonymous · 0⤊ 1⤋
i might extremely purchase a clean domicile because of the fact now may be the main suitable time to purchase and you could lock interior the money for 5 years. i might funds $a million,3 hundred a month for payments of the pupil own loan and max $a million,3 hundred for the interior maximum loan. i might additionally ascertain that area of the domicile may be used for the corporate so i might have the skill to place in writing it off. it is something you will possibly desire to take a seat and fairly do the artwork of becoming a funds to work out if that is going to artwork. and nevertheless have emergency money set aside purely in case. All of it is something a sturdy economic representative can artwork wth you on of you're actually not attracted to studying the main factors. superb desires!
2016-12-15 13:32:56 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I believe everyone already answered your question on credit. The best thing you can do now is keep your vehicle, and put the car payment you used to pay in the bank. When you are ready to purchase another vehicle, you can either pay cash or you can put down a big down payment. Bottom line, for every month you don't have a auto payment, you can put that money somewhere else, hopefully in savings or in paying off other debt. Good luck!
2007-01-01 18:50:20 · answer #3 · answered by frr_ls 2 · 1⤊ 1⤋
My credit score went up about 40 points last years after I paid my car off. Pretty nice, no more car payment and a higher credit score!!!
2007-01-01 18:34:56 · answer #4 · answered by kelly h 3 · 1⤊ 1⤋
As the loan balance was always decreasing , the last payment shouldn't affect your FICO too much .
Your rating is your debt to income ratio , but a protracted period of low debt , good income will improve your score.
2007-01-01 18:34:00 · answer #5 · answered by kate 7 · 0⤊ 1⤋
yes as long as the payments were made on time
2007-01-01 18:34:21 · answer #6 · answered by Anonymous · 2⤊ 1⤋
What now? -it's time to buy ANOTHER car on borrowed money. This is the reality of life, my friend.
2007-01-01 20:29:41 · answer #7 · answered by Not Ecky Boy 6 · 1⤊ 2⤋
yes
2007-01-01 19:09:59 · answer #8 · answered by chav69 5 · 1⤊ 1⤋
Yep.
2007-01-01 18:28:14 · answer #9 · answered by IMHO 6 · 0⤊ 1⤋
if you made all your payments on time it should go up
2007-01-01 18:37:25 · answer #10 · answered by Booger 2 · 1⤊ 1⤋