Parent Considers Paying Daughter's $6,300 Car Loan to Help Credit Scores

A parent is considering paying off their adult daughter's $6,300 car loan as a "gift", but worries it could backfire by hurting their credit scores. The couple has both spent time in graduate school and still has student loans. Commenters suggest paying off the loan early is better than paying interest over the remaining term, but question the parent's decision to keep part of the loan open.