<prompt> Human: I bought a car in December on a 5 year loan. I am about 3 months into the loan and its 70 paid off...I was told if I pay it off too soon specifically within 6 months my credit score will be hurt...I dont want to hurt my score or my cosigners so can anyone confirm or deny that there is a negative consequence to paying off a loan too soon?And if there is a negative consequence...can I just say WTF?!?  <response>: That is total balony. There will be minor changes to your score your score accounts for the different types of debt that you carry. These changes will be minor and in no way outweigh the money you will save on interest.The only possible downside that I can see is if there is an early payment penalty on your loan but this is rare. Dont sweat it, you are good to go! 