I have a school loan for a little more than $3,000. I am in good standing and have never missed a payment. I will be starting a new, better paying job next month. I was planning to pay it off completely in the next 3 months. However, my loan is my oldest account. I only recently started building my credit and have 2 credit cards. Credit score of 707. I'm worried that when I pay off my loan my score is going to take a hit due to losing my oldest account and no longer having a healthy mix of different accounts. I don't think it makes sense to keep the account open since I don't want it to gather more interest and I don't want to be in debt. What should I do? How big of a decrease can I expect when I pay the loan off?
Submitted April 18, 2019 at 03:51PM by Alycatsvanity http://bit.ly/2PkBp8A
