The Truth About Debt Management and Credit Scores #moneyhabits #money #budgeting2024

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The Truth About Debt Management and Credit Scores #moneyhabits #money #budgeting2024

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Comments

@NickDeShane says:

Because thats how they make the most back in interest. Credit score = grading quality of farm animals.

@saritamoorebansa4485 says:

I learned this and so surprised. I paid off my car and my credit score went down. ( my logic was ok , I paid off debt which means I am responsible and mature and should rise!!!!) just told my son the strange phenomenon who looked at me crazy ????)

@patriciajenkins9458 says:

Hello Tinesha my credit is considered very good now but when I pay off my credit card, I am sure it will go down. Thanks for the information.????

@stephaniecook1093 says:

When I paid my first house off, my credit went into the toilet. I couldn’t believe it.

@mrsh1918 says:

Try keeping a very low balance, like $5-$10. It's silly but you'll keep your high score.

@michelejames185 says:

Ill take that dip and rebuild it within 2 months

@jaiallen3956 says:

Very true. I was paying my credit card balance off without adding new charges. And the card was closed because I was using it ????????

@haileyreign says:

The fact that those of us who pay off our credit card balances every month are considered "dead beats" for not making the company money is DEAFENING.
They're in the business of keeping me in debt, well I'm in the business of getting out of it.

@DrLetina says:

That’s powerful insight

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