Finally paid off my car 8 months early and my credit score jumped 47 points

I had this 2017 Honda from a dealer in Austin, $12k left on it. I was just making minimums for 3 years. Then in January I started throwing an extra $50 a week at it from my side gig walking dogs. Felt like nothing at first. Last week I made the final payment online and saw my score go from 712 to 759 this morning. Has anyone else seen a big jump after paying off a loan?

2 comments

2 Comments

the_fiona16d ago

Is a 47 point jump really that impressive or is this just normal score noise?

wesley_grant3316d agoTop Commenter

That reminds me of the time my buddy's credit score jumped 50 points after he accidentally paid a bill twice.