<prompt> Human: I have about 5500 left to pay off on a car that I bought brand spanking new in 2011. I also happen to have about 7200 saved up in one of my accounts. I would like to pay the car off to free up my current 400 a month payment so that I can roll that into what would be my very last loan 7500 left. Is it a good idea or a bad idea? Would it do terrible things to my credit score?Background info: I am 26, married with one kid. My current credit score is 753 transunion via creditkarma. I owe 5500 for the car, 7500 for a career starter loan, and less than 100 on credit cards with 5000 dollar limit. Thoughts? Thanks a bunch.  <response>: If that 7,200 is all you have in terms of emergency savings, then it would be a bad idea.If that 7,200 is additional savings you have, then I would recommend you apply it to the debt with the greater interest rate first, whichever that might be. Would it do terrible things to my credit score?You do not need to pay interest to have a great credit score. It is better for you financially to not pay interest. Dont hurt your finances to try to prop up your credit score. 