I just paid off my car loan. I was never late on a payment and I see on my credit report is listed under a possitive account category. Will this loan be considered for years to come in determing my credit score. Or once a loan is paid off is it like it doesn’t exsist?
Posts Tagged ‘Effect’
Will A Loan That Is Paid Off Continue To Effect My Credit Score?
July 31st, 2009How Does A Loan Modification Effect Your Income During Tax Time? Does The Company Write Off The Loss?
July 27th, 2009When a company writes of part of a debt, it is then recorded as income to the IRS and you pay taxes on it. Does the loan modifcation work the same way?
