Birdwatch Note Rating
2024-02-12 06:49:29 UTC - NOT_HELPFUL
Rated by Participant: 9406C5345F5547BED4B093FCA6D4BCEADB61F7F64C67789AED4375E8B411299C
Participant Details
Original Note:
Paying off a car loan over time wont drop your credit score. Paying off a car loan EARLY will hurt your credit score temporarily. This is a hard to believe case and sounds like interaction bait. There are many factors that go into someone’s credit score. https://www.capitalone.com/learn-grow/money-management/does-paying-off-a-car-loan-early-hurt-credit/ https://www.chase.com/personal/auto/education/financing/the-pros-and-cons-of-paying-off-a-car-loan-early#:~:text=Repaying%20a%20loan%20early%20usually,be%20an%20early%20prepayment%20fee.
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