When you first obtained your auto loan, Nicholas Financial reported your new loan to the credit bureaus. Your Nicholas Financial loan shows up as a so called trade-line on your credit report. Through a soft or hard credit inquiry, we can see:
When you got your Nicholas Financial loan What your initial balance was How high your monthly payment is Whether you've made your payments in time and full How high your outstanding balance is How many payments are remaining
If you miss a payment, Nicholas Financial will very likely report the incident to the credit bureaus. Just like any other auto finance company, Nicholas Financial will also report to the credit bureaus when you paid off your loan or refinanced it. In both of those cases, your loan will show up as paid off.