If I refinance my car loan will my credit score go up?
Seems to me it should cause ur paying off one loan and opening another
Public Comments
- If you pay on time and keep up,,yes your credit score will go up in time,,
- I believe it will.
- If you refinance the car loan, you STILL owe the same amount. If your FICO score changes at all, it will go DOWN temporarily as a result of a new inquiry on you credit.
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- It would equal out. Paying off a loan is good, but it will reflect another account being opened. I don't think it will effect your credit score all that much one way or another. I've had good luck here... http://auto.deal4-you.com All the best to you.
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