Is it normal for a student loan account to close, after it’s been paid in pull?

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  • Anonymous
    3 years ago

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  • 3 years ago

    Obviously.

  • 3 years ago

    It should. If the credit report shows otherwise, give it a month to update.

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  • 3 years ago

    If paid in full...the account gets closed...what is confusing?

  • Shay
    Lv 7
    3 years ago

    Any loan that is not a revolving loan will close when it is paid in full.

    Revolving credit loans are credit cards or home equity loans that can be used, paid in full, and then used again. Revolving credit loans only close due to certain circumstances.

    Regular loans always close when the account is paid off. Regular loans would include personal loans, student loans, auto loans, and even home mortgages.

  • 3 years ago

    Yes of course. All loans close when paid off.

  • Judith
    Lv 7
    3 years ago

    Yes. What would be the point of keeping it open?

  • Judy
    Lv 7
    3 years ago

    yes.

  • 3 years ago

    Sorry, I meant full not pull.

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