The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 year agoThe numbers will determine your fatelemmy.worldimagemessage-square243fedilinkarrow-up11.56Karrow-down124
arrow-up11.53Karrow-down1imageThe numbers will determine your fatelemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 year agomessage-square243fedilink
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkEnglisharrow-up7·1 year 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.