Reread what I wrote, I didn’t have a protracted auto loan. I actually paid the car off a few months after I financed it, because I didn’t want to pay any more interest (even at 0.9%) and I could afford it. I don’t even remember what the original term was.
Reread what I wrote, I didn’t have a protracted auto loan. I actually paid the car off a few months after I financed it, because I didn’t want to pay any more interest (even at 0.9%) and I could afford it. I don’t even remember what the original term was.
Sorry, that wasn’t clear, the system is really alien to me.
But there are numerous reports from USA that paying of a loan early can hurt your credit score.
Which is def bad & counterintuitive.
The whole system is at best like a loyally card.