Paying off student loans can indeed have a positive impact on your credit score.

🎓 When you eliminate this debt, it reduces your overall credit utilization ratio, which accounts for a significant portion of your score.

Additionally, closing an installment loan like student loans can enhance your credit mix, showing lenders you can manage different types of credit responsibly.

However, it’s essential to consider how this impacts your credit history.

If your student loans were your only installment accounts, paying them off might cause a temporary dip in your score as it affects the length of your credit history. - https://lendinghelpguide.com/blog/paying-off-student-loans-credit-score/?unique_id_jxeohb4j

Unlocking the Secrets: The Impact of Student Loan Repayment on Your Credit Score