Does anybody know how long something stays on your credit report after you've paid it off? I've had a car loan for about 1.5 years. The term of the loan is 60 months but I'm in a position to pay it off completely now. I intend to buy my first property in about 2 years most likely using an FHA loan and I want to make sure that when I apply in 2 years the car loan is still on my credit report to help with my score. My score is mid-700s now on Credit Karma (don't know how reliable CK is) but the car loan and a credit card are the only thing on it. I've paid on time and in full every month since having both. I can afford to continue paying the car monthly but would prefer to pay it off now and aggressively stack my money for two years for a property. It's just a major nuisance that I'd rather live without.
Any feedback is appreciated. Thanks.
