I have a really bad credit score ( 550). Not very proud of it but now i wanna take care of it and start paying thing off! I have a car note with only 3k left. I really wanna pay it off but I was told not to by family members. Should I pay it off or pay close to off and leave $100 on it to keep it active?
Keep Car-note or pay it off (young adult)
byu/Extension_Owl_4629 inpersonalfinance
Posted by Extension_Owl_4629
1 Comment
Paid off loans stay on your credit report for 10 years, giving you the benefit to your credit report without the payment. Pay it off.