The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 9 months agoThe numbers will determine your fatelemmy.worldimagemessage-square293fedilinkarrow-up11.74Karrow-down127
arrow-up11.72Karrow-down1imageThe numbers will determine your fatelemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 9 months agomessage-square293fedilink
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkEnglisharrow-up7·9 months agoCredit scores aren’t a measure of financial stability or trustworthiness, they’re a measure of how much money the bank thinks they can make from you. So if you pay off a loan early, then they aren’t making money on your interest payments, so that negatively affects your credit score.
Credit scores aren’t a measure of financial stability or trustworthiness, they’re a measure of how much money the bank thinks they can make from you.
So if you pay off a loan early, then they aren’t making money on your interest payments, so that negatively affects your credit score.