ByteOnBikes@discuss.online to Late Stage Capitalism@lemmy.world · 1 month agoAlso, your credit score drops if you pay all your debtsdiscuss.onlineimagemessage-square201fedilinkarrow-up11.07Karrow-down118
arrow-up11.06Karrow-down1imageAlso, your credit score drops if you pay all your debtsdiscuss.onlineByteOnBikes@discuss.online to Late Stage Capitalism@lemmy.world · 1 month agomessage-square201fedilink
minus-squareexpatriado@lemmy.worldlinkfedilinkarrow-up19·1 month agojust paid all credit cards to zero, FICO 8 went up 16 point, FICO 9 went down 15 points 🤷
minus-squarecurbstickle@lemmy.dbzer0.comlinkfedilinkarrow-up5·1 month agoGot a new car loan. 20 points up.
minus-squareByteOnBikes@discuss.onlineOPlinkfedilinkarrow-up2·1 month agoWhen I was a a young adult, I got a new credit card. The credit check dinged me for 10 points. When I asked why, and how I can fix it, the credit card company support person said, “Just carry some debt.”
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up2·1 month agoI keep my one credit card paid off to 0 every month, have never paid a car loan, only debt I have is a mortgage, and my score usually just floats around 825.
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up1·1 month agoBasically the same for me except no mortgage, and I’m also in the 800s. Though once you’re over 750, you’re essentially at the highest tier in every lender’s eyes already.
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up1·1 month agoYep, and I was at that point years before getting a mortgage.
just paid all credit cards to zero, FICO 8 went up 16 point, FICO 9 went down 15 points 🤷
Got a new car loan.
20 points up.
When I was a a young adult, I got a new credit card. The credit check dinged me for 10 points.
When I asked why, and how I can fix it, the credit card company support person said, “Just carry some debt.”
Its a ridiculous system.
I keep my one credit card paid off to 0 every month, have never paid a car loan, only debt I have is a mortgage, and my score usually just floats around 825.
Basically the same for me except no mortgage, and I’m also in the 800s.
Though once you’re over 750, you’re essentially at the highest tier in every lender’s eyes already.
Yep, and I was at that point years before getting a mortgage.