Dec

17

Any general rule of thumb how much your credit increases reducing two car loans to one?

Filed Under Credit 

kevin r asked:


Helping a family member I had 2 car loans. One was 28k balance the other 21k balance. Just sold the 28k car and paid that off. Credit is very good no late pays etc. Trying to determine how many points could that potentially increase my credit? Any idea…someone told me 30-40 points of all other credit is good, which in this case it’s excellent…?

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6 Responses to “Any general rule of thumb how much your credit increases reducing two car loans to one?”

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