Does it hurt your credit score to pay off a student loan early?

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Tyra Murazik asked a question: Does it hurt your credit score to pay off a student loan early?
Asked By: Tyra Murazik
Date created: Fri, May 21, 2021 2:55 PM
Date updated: Fri, Jun 24, 2022 6:09 AM

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Top best answers to the question «Does it hurt your credit score to pay off a student loan early»

While 10% may not be a lot in the big picture, if you don't have a lot of other credit history or a diverse mix of credit, you may see a slight decrease in your credit score. In other words, although paying off your student loans early makes financial sense, it can sometimes come with a small ding to your credit score.

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