ByteOnBikes@discuss.online to Late Stage Capitalism@lemmy.world · 12 days agoAlso, your credit score drops if you pay all your debtsdiscuss.onlineimagemessage-square202fedilinkarrow-up11.07Karrow-down119
arrow-up11.05Karrow-down1imageAlso, your credit score drops if you pay all your debtsdiscuss.onlineByteOnBikes@discuss.online to Late Stage Capitalism@lemmy.world · 12 days agomessage-square202fedilink
minus-squareexpatriado@lemmy.worldlinkfedilinkarrow-up19·12 days agojust paid all credit cards to zero, FICO 8 went up 16 point, FICO 9 went down 15 points 🤷
minus-squarecurbstickle@lemmy.dbzer0.comlinkfedilinkarrow-up5·12 days agoGot a new car loan. 20 points up.
minus-squareByteOnBikes@discuss.onlineOPlinkfedilinkarrow-up2·12 days 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-up2·12 days 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-up1·12 days 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-up1·12 days 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.