Dan S.

I paid off the only loan I had, an auto loan, eight months early. So being curious as what it had done to my credit score, I checked and couldn't believe it. After paying it off my score dropped 29 points from 773 to 744! What the heck? I figured that paying a loan off early would be a good thing, guess not! No wonder equifax has such a low rating! If I could give a negative point rating, I would! It really doesn't matter that much because I have no intention of having any kind of credit again, it's just the principle of it!