masterplum posted...
Credit number basically is meaningless unless you are brand new to credit or are way overutilizing it and not paying off bills.
You basically need something like a 650 to be considered top credit, which is really really easy and not going to be affected by paying off a car loan
The way credit works is stupid but there's no way 650 is anywhere close to being top credit.
My wife had a credit rating of high 600s. Mine is just over 800. The difference in rates she was offered when getting a new car was massively different to the rates I could get if I put it in my name instead (which is obviously what we did)
A quick glance at a mortgage calculator has a 1.4% rate difference on a 30 year mortgage between 650 and 780 which is a sizeable difference on 30 years worth of interest.