Paying off a loan is a major milestone. Whether you’ve finally cleared your student debt, paid off a home improvement loan or own your car outright, making your last loan payment calls for celebration. But before the balance hits zero, there are a few things to know and prepare for, including: Your credit score could…

Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com.

The article What to Expect After Paying Off an Installment Loan originally appeared on NerdWallet.

Read More