ByteOnBikes@discuss.online to Late Stage Capitalism@lemmy.world · 8 天前Also, your credit score drops if you pay all your debtsdiscuss.onlineimagemessage-square201linkfedilinkarrow-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 · 8 天前message-square201linkfedilink
minus-squareexpatriado@lemmy.worldlinkfedilinkarrow-up19·8 天前just paid all credit cards to zero, FICO 8 went up 16 point, FICO 9 went down 15 points 🤷
minus-squareByteOnBikes@discuss.onlineOPlinkfedilinkarrow-up2·7 天前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.”
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up2·8 天前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.
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up1·8 天前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.
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up1·8 天前Yep, 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.