 TITLE: Why Did My Credit Score Drop When I Paid Off a Loan? CONTENT: Paid-Off Loans Can Still Affect Your Credit\n-------------------------------------------\nOne common credit scoring myth is that once an account is closed, it won't impact your credit scores. That's not necessarily the case.\nIf you paid off your loan and the account was in good standing, meaning you always made your payments on time, then the positive account history could continue to positively impact your scores.\nOn the other hand, if you missed payments before you paid off the loan, those previously missed payments can continue to hurt your credit scores.\nRegardless of the account's payment history, it will continue to contribute to your mix of accounts, overall number of accounts (the \"thickness\" of your credit profile) and the age of your credit history. These can all be positive factors. END