this post was submitted on 16 Jan 2025
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[–] DefinitelyNotAPhone@hexbear.net 41 points 11 hours ago (1 children)

"I'm sorry, asking what your credit score is makes your credit score drop 30 points. No, you're not allowed to see the algorithms we use to determine your credit score either."

[–] ChaosMaterialist@hexbear.net 13 points 6 hours ago (3 children)

Paying off a debt also lowers your credit score too! I lost 80 god damn points for paying down my student loans!

[–] comrade_pibb@hexbear.net 2 points 1 hour ago

utilization baybeee

[–] invo_rt@hexbear.net 6 points 4 hours ago (1 children)

I forgot about that lol. I finally got debt free assuming my score would go up and it just tanked.

[–] goferking0@lemmy.sdf.org 3 points 3 hours ago

Nah, score is all about how much/goof of a debt slave you are.

So it's entirely built off of you always having some debt not about if you pay it

[–] barrbaric@hexbear.net 4 points 3 hours ago

It makes sense, the credit score is a measure of how much money banks and other financial institutions think they can extract from you. Doing things that minimize your total payments loses them money, and so those things lose you points.