How much should credit score go up when car is paid off??

Pengy is correct but rather than pay off that look at paying any revolving debt that you may have down to less than 30% of the available credit limit and that will increase your scores a lot faster

The main problem here is not that you owe on the car, but that you fell behind on everything and that was reported to the credit agencies, and that will remain there for 7 years. Highly doubtfull you will in the 700's by spring.

pay off a motor vehicle loan does make your credit seem stable! each time you shut an account it hurts your score. you're meant to pay off credit playing cards and then as quickly as you visit purchase some thing or each time somebody seems at your score they'll see that obtainable credit and you'd be ideal for greater credit. If it particularly is clever.

I really don't think paying off the car is going to help that much. As long as you are making on time payments then there should not be that much difference. What it will help is your debt to earning ratio if you are trying to buy a house or something.

mortgage companies understand that you need a car so a car loan is not looked at as negative as a credit card--- i would focus on taking that extra money and spreading out amongst all of your debt to get caught up. be deligent about using your credit-live within your income if possible.

best of luck

Before you pay "off" anything, make certain that "everything" is current. How you pay your bills is something like 35% of your total credit score.

There are other factors you can read at the link below.

Not that much. It's your payment record during the loan that counts the most.