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Anon on credit scores
(sh.itjust.works)
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this post was submitted on 23 Oct 2023
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What I hate the most is how your score goes down for paying off a loan early. Getting penalized for actually being financially responsible is infuriating. I paid off my car less than 2 years into a 5 year loan and my score went down a couple dozen points. Just because they couldn’t get more money from interest.
I see where you're coming from.
Credit scores aren't about how responsible you are, they're about how well you can stick to an agreement.
paying off the loan early is a part of any agreement, otherwise it wouldnt be an option
credit scores are entirely and exclusively about how good of a debt slave you are