How long should I make loan payments before it will build my credit?

I recently applied for an auto loan to start building some credit. I have the money to pay it off right away, but I was waiting to start building my credit. Is there any benefit to taking months to pay it off or is just having a loan enough to build credit? Is there a good amount of months to wait to pay it off?

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  1. Miles C

    Go to the source to see your unique situation:

    http://www.myfico.com/Default.aspx

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