I have 10k left on 25k loan @3% which I have held for just over 1 year out of 5. Right now I can pay it off completely, but I'm debating whether I want to do so, in order to build credit(When I buy a house in the future I plan to buy it in cash vs getting a mortgage, but I figure having good credit would be a smart move too). I'm mainly wondering whether I can get away with paying it off in such a short amount of time and still have good credit, maybe I could get a credit card and pay it off every month to get a better record(unless this would cost me any money). I just hate having debt, and don't like having to pay interest every day.
I figure if I paid it off now it would save me a nice chunk of change
Read more: Should I pay off a loan or let it sit?
