Why does paying off your debt lower your credit score?
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It only “lowers” your score if the debt you pay off is not revolving. if you pay off a loan, that account is closed, which can temporarily lower your score. Usually just a little, though, since it is not tied to a negative “reason”. But, your “available credit” does go down, which can make your score go down.
It’s a really weird, hard to ELI5 system.
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