Hello, I paid off my car loan in November 2020 and had a 16 point increase. After months, recently this week, my credit score dropped over 70 points. I know paying off a loan early can decrease your credit score, and wondering if my case is normal. I paid off my loan within a year. I do not have any credit cards, didn't apply for positions to get hard or soft inquiries, or have any recent debts. Just curious to know if a credit score dropping over 70 points after paying off a car is normal? Seems pretty high, but don't have much experience to say otherwise. Thank you for your time.
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