Seems to me it should cause ur paying off one loan and opening another
If I refinance my auto loan will my credit score go up?
It would equal out. Paying off a loan is good, but it will reflect another account being opened. I dont think it will effect your credit score all that much one way or another.
If I refinance my auto loan will my credit score go up?
Auto Loan Guide: http://autoloans.autoloanassis... Report It
If I refinance my auto loan will my credit score go up?
No, actually it will drop your score. For one thing, new accounts are not yet %26quot;aged%26quot; so while you pay one off you are opening another one with no history. If you pay on time for 1 year, you might see a small increase in your score but at first a new account has a detrimental effect.
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