Why Paying Off This Common Debt Can Surprisingly Lower Your Credit ScoreHigh-five, you did it! You paid off your student loans. While it takes a lot of financial discipline to get that balance to $0, your credit score unfortunately won’t be celebrating alongside you. In fact, after you pay off your student loans, you’ll probably see a slight drop in your credit score. Go ahead and file that in the “No fair, what gives?” category along with the fact that your credit will take a hit if you buy a house.
Brittany Anas
Dec 14, 2018