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Economics* IMPORTANT What will most likely happen if Karla pays off her car loan early? A. her credit score will increase B. her interest rate will go up C. her credit score will decrease D. her credit
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4 votes
4 votes
Economics* IMPORTANT

What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same

User Oshliaer
by
3.2k points

1 Answer

22 votes
22 votes

Answer:

It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.

User Tchevrier
by
2.9k points
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