Can a Payoff Loan hurt my credit in any way?

Applying for a Payoff Loan will not hurt your credit. If you’re approved and you receive a Payoff Loan, we have to post a hard inquiry on your credit, which can impact your credit. However, on average, most people who receive a Payoff Loan see an approximate 40 point increase in their FICO credit score.

Have more questions? Submit a request