Does paying off a car loan improve your credit score?
by 
The Curious Bag
ANSWERS: 1
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Paying off an account in full does not remove it from your credit report. To improve overall credit ratings, pay accounts on time and avoid large limits on revolving accounts such as credit cards. Installment accounts such as auto loans will actually help with a credit score provided that they are paid per the terms of the agreement. This will show financial stability.
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