For simplicity sake, I'm going to keep this short. Any "smart" remarks not welcomed and would not, does not, help the situation.
Which scenario will benefit my credit score? Specifically, improve my credit score.
I have a $10k car loan (1 year old loan). In an attempt to reduce outstanding debt, I made a $4k payment last week. I have slightly less than $1600 left on the loan. Do I:
1. Pay in full immediately/next month; or
2. Make the scheduled payments until the loan is satisfied.
Currently, I'm thinking #2 is the best option. By going with #2, the bank would report good standing, on time payments, and at the very least have well-documented history of reliability.
Thanks!