Will my score increase faster if I pay off my loan?

Modified on Tue, 28 Jun 2022 at 01:22 PM

No, paying your loan off will not increase your credit score faster. Remember, 35% of your credit score alone is made up from consistent monthly on-time payments. Kikoff is designed to help you maximize credit-building by showing the bureaus that you are responsible each month with the account and can maintain your payments at a low cost to you.

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