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Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/paying-off-the-car-would-not-reduce-your-credit-30460065.aspx

Subject:  Re: Settlement Date:  1/1/2013  12:14 PM
Author:  vkg Number:  306594 of 308367

Paying off the car would not reduce your credit rating...making payments does not increase it.

Having varied credit does help with credit rating. Keeping the car loan for awhile (but not the full duration of the loan) might help with credit score.
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