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If you have about 2500 owed on a car loan will paying off the auto loan early improve your credit score?

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Wiki User
12/06/2006

If the previous payments have been paid on due dates and not late. Paying each note on time is the greatest factor in credit scores. No, do not pay it off early. It looks better on your credit score if you pay it off by the deadline. Tip: Always pay a little more than the minimum payment.