Car Loan Paid in full by refinance and scores plummmmmetttt?!?!?

Car Loan Paid in full by refinance and scores plummmmmetttt?!?!?Car Loan Paid in full by refinance and scores plummmmmetttt?!?!?
fashion asked 5 years ago

My Sandanter Auto Loan was my longest revolving open account at 17 months (all current, no misses) at 380 a month, really high interest loan.  I chose to refinance with cap one (didnt get that great of a APR but better than Sandanter).  Loan was paid in full and reported today to all CRA;s, My EQ went from 661 to 640 and EX went from 662 to 634, TU stated the same (SO FAR)… no other reasons for scores to drop, why would they do this on myfico?  The loan was paid in full, i thought that would look good.  The new Cap One Auto loan has yet to report.  Makes no sense, I am in panic mode.  Thoughts?  Answers?

 

Thanks community for your thoughts and answers!


How long do late payments stay on credit report?

Mark Clayborne replied 5 years ago

What about multiple late payments. How do you deal with those? “for more
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