answersLogoWhite

0


Best Answer

Probably not very much. Credit scores are built around paying on time, how much you currently owe, and how long you've had credit. Paying off a loan won't raise your score much, but an on-time paying history for that loan will be a real good thing for your score and report once it appears.

User Avatar

Wiki User

โˆ™ 2007-01-21 07:48:56
This answer is:
User Avatar
Study guides

What is rhetorical device

Who was the father of rationalism

What is a cash advance

What is discretionary spending within a budget

โžก๏ธ
See all cards
2.11
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
9 Reviews

Add your answer:

Earn +20 pts
Q: How many points will your credit score increase if you pay off your student loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many points will your credit score increase with each negative item removed?

100


How can you improve your credit score 20 points when you have just old medical bills to pay and will this help?

You have to have a open active account in order to get a credit score increase.


How many points does your credit score increase after a mortgage refinance?

If the mortgage refinace was used to pay off other debt, it my increase your score. Not sure by how much.


How many points does foreclosure decrease your credit score?

how many points dose foreclosure decrease your credit score


How many credit points a month do you get using a secure credit card and paying on time?

You don't get monthly points, it doesn't work like that, the only way to increase your score is to have good positive open trade lines with no lates and as they get history and age on them your score will increase as time goes on.


How will a bankruptcy effect your credit score?

will bankruptcy increase you credit score over time


Can paying off credit cards increase your credit score?

Yes off course. Paying off any debts will increase your credit score.


How many points will your credit score go up if you make payments for 6 straight months?

== == Your score could increase anywhere from 10-60 points total. There is no concrete number, this is an estimation.


You paid off judgment How many points will your score increase?

It is importance to pay off a debt regardless of the type of debt that you owe, but your credit score will not increase nor decrease when you make a payment. Time and consistent monthly payments to your debts will increase your score.


Does a parent's credit score affect student loan?

If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.


How many points does your credit score go down if you miss a mortgage payment?

A recent late payment can drop your credit score about 60 points.


How do you raise your credit score two points?

You masturbate.

People also asked