• Dkarma@lemmy.world
    link
    fedilink
    arrow-up
    9
    arrow-down
    3
    ·
    1 year ago

    That’s not why it went down. It probably went down because they had less credit extended to them after paying off the loan. How much credit you’re using affects your score.

    They don’t care that u paid it off early. They care that your loan to income ratio just took a hit.