: why does it hurt your credit score to get information about your credit score?
In: 1
It hurts your credit score to fully pay off a loan. It hurts your credit score even more if you pay it off early. It absolutely tanks it if you never need one. What increases your credit score is how many loans you’re actively paying off. In other words, the credit score is a measure not of your finance syatus and skills, but of your value as an asset to the bank.
Unfortunately, it is an invention of malicious rich creeps to ensure the banks a steady flow of interest payments.
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