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re: does paying off a car loan early hurt credit?

Posted on 3/21/24 at 3:00 pm to
Posted by Miglez
Member since Jan 2018
289 posts
Posted on 3/21/24 at 3:00 pm to
quote:

Hey yall, I got a car loan recently for around 26k, spoke w/ a family member who will loan me enough to pay it off & I will pay them back. Would this do a lot of damage to my credit if I pay it off quickly?



I wouldn't take a loan from my family. Changes the relationship. The borrower is slave to the lender.
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