Pay your debt in one payment?

[ggonzo]

Is it good for your credit score to pay you debt in full in one payment? Can you do that and is it advisable?

[Canadian]

This will depend on many things, one of which is the type of loan you have. Some loan contracts will allow early pre-payment and some won't. For example if you have a mortgage, usually you have a clause in your mortgage contract defining penalties for early mortgage repayment.

[heyjude]

I think Canadian is right. You have to check the terms of your contact. If you can I think it is always better to pay it off as fast as you can to avoid interest.