Credit score increase?

Does your credit score increase after you refinance an auto loan?

Public Comments

1. You would normally see a slight increase (10-15 pts) after the old loan in paid in full and the new credit line is opened. This shows you paying off a large loan and getting approved for a large loan. Both worthy of an increase.
2. Normally there is a very slight increase and the new line begins. But there is no sure shot rule that it will increase. To know more you can visit http://www.debtconsolidationmanagement.blogspot.com and http://www.geteasyloans.blogspot.com
3. And now for the correct answer... No, it will more than likely lower your scores. But, the decrease won't be that significant (usually about 5-10 points) and your scores should begin to bounce back with regular payments over time.