The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 years agoThe numbers will determine your fatelemmy.worldimagemessage-square292fedilinkarrow-up11.75Karrow-down127
arrow-up11.73Karrow-down1imageThe numbers will determine your fatelemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 years agomessage-square292fedilink
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkEnglisharrow-up7·2 years 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.