I’ll take a lower score and no debt. They can eat their score.
So the secret to not worrying about credit score is simply already have the loans you want at an interest rate you want. Why didn’t I try that???
2 of the factors are debt to income ratio and how many accounts of different types are open. If you pay off 99% of a car and refinance 100$ loan for 84 months… does that keep your score up?
So the reason this kinda idiocy happens is when the line of credit is closed, it actually decreases the average age of your credit accounts- which decreases your score.
That’s why people who pay off student loans have their scores drop sometimes, especially if they’ve avoided any other lines of credit.
This. Average age of active credit accounts went down thus drop. Same thing happened to me