Credit scores are a garbage metric. Just got an alert that my credit score dropped 10 points. Why? Because I paid off the credit account for my new windows. The account closed because it was a term loan. Why TF does that LOWER my credit rating?
Seriously, that is why people hate the banking and finance industry. They make up reasons why you are awful no matter what you do.
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@ArcturusSaDiablo They lower it because they don't want you to be out of debt. They want you to take out loans or use a credit card so that they can make $$$ from their usurious interest rates. The lower your credit score the higher the interest rate will be.