Personal Finance
Student Loans and Financial Aid
Improving Your Credit Rating
Money Management

How many points will your credit score increase if you pay off your student loan?

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Wiki User
2007-01-21 07:48:56

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.

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