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2024-05-20 13:40:12

MikeWas on Nostr: Why does your credit score drop when you pay off a car loan? A friend of mine was ...

Why does your credit score drop when you pay off a car loan?

A friend of mine was furious the other day, when he saw that paying off his car loan caused his score to drop about 40 points.

Why does this happen?

Two reasons.

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#CreditScore #TransUnion #Equifax #Experian

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