My credit score drops when I pay off a car loan, why?

Why does my credit score drop when I pay off a car loan?

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    No Name

    Maybe because you did not pay off your car loan before the agreed payments instalments. If you made payments under the agreed time then your credit score should not get an effect. So consider the possibility that delay in your making payment quotes may have put some negative impact on your credit rating.

    2019.08.01 18:0

    Please leave your knowledge and opinion!

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