If I pay my car loan off will my credit drop?
According to the credit bureau Experian, whenever you make a major change to your credit history (like paying off a car loan), your credit score can drop; however, this drop is usually only temporary.
How do you get a 800 credit score?
How to Get an 800 Credit Score
- Pay Your Bills on Time, Every Time. Perhaps the best way to show lenders you’re a responsible borrower is to pay your bills on time. …
- Keep Your Credit Card Balances Low. …
- Be Mindful of Your Credit History. …
- Improve Your Credit Mix. …
- Review Your Credit Reports.