The Ascent is reader-supported: we may make a payment from provides with this web page. It’s the way we generate income. But our editorial integrity guarantees our professionals’ views aren’t affected by settlement.

It may look counterintuitive, however in some situations, settling that loan can harm your credit, albeit temporarily

There are lots of facets which go into determining your credit rating, all of which will be weighted differently

• Re re Payment history, which talks to your propensity to cover bills on time (35% of the rating).Continue reading→