Why does credit score drop after paying off a loan?

758 viewsOther

Why does credit score drop after paying off a loan?

In: Other

25 Answers

Anonymous 0 Comments

Because you stopped paying a loan. How can they trust you as much of you don’t have a loan anymore to judge your ability to pay off loans.

It makes complete sense in some universe

/s

You are viewing 1 out of 25 answers, click here to view all answers.