Debt = Good Credit

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image showing Debt = Good Credit

MrLavender26 on March 15th, 2021 at 08:20 UTC »

Fuck it. You paid off student loans so I’ll count that as a win.

rawr_rawr_6574 on March 15th, 2021 at 09:02 UTC »

Yep. Credit scores are a scam. You're telling me my credit is bad, but someone who has had multiple failed businesses is doing just fine because he has connections? It's all a lie.

Mhunterjr on March 15th, 2021 at 10:37 UTC »

The credit score system is dumb, but there’s no need to fret a 13pt drop due to an account closure- going forward you’ll essentially have a 2 loan payment sized increase in your takehome income. What you do with it will reflect positively on your credit going forward.