Just paid my baby off!

Originally Posted by kfull Is it true that it's worse for your credit if you pay a car off as opposed to paying the monthly payments? I have good credit

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Just paid my baby off!

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10-01-2014, 11:30 PM

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Quote:

Originally Posted by kfull

Is it true that it's worse for your credit if you pay a car off as opposed to paying the monthly payments? I have good credit anyways so I'm not too worried, but I was wondering about that.

Negative. Some loan companies might penalize you for paying off a loan before maturity date but most don't. And as long as you pay on the due date you're fine.

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