<prompt> Human: I have a 3 year old car loan with 18k remaining on it and student loans dating back to 2009 or so with 14k left on them. No other debt at the moment. Ive been saving for a long time while paying the minimum every month, but am thinking about using a chunk of it to just pay off all the loans.Ive read this can actually hurt your credit score at first. My score is currently 770-800 depending on the reporting agency. The extra 735month will certainly be nice, but I also dont want my score to drop significantly like Ive read about. Whats the right thing to do here? I would like to maintain good credit for purchasing a house in the next year or so.Thanks.  <response>: Id pay it off for sure. Your credit will drop probably 50-60 points. Do it asap and that way you 1. Get out of debt and use that 700 towards something actually helpful like house savings, retirement, house repair fund, etc. and 2. It gives you time for your credit to bounce back it will before you buy a house. There is no point in paying for a good credit score. A good credit score is free. You do not have to pay interest to have a good score! Congrats on being debt free! Congrats on the extra 700month! Thats like a 10,000 raise. Congrats on being able to buy a house! 