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Why Does Your Credit Score Take a Hit When You Pay Off Your Student Loans?

Conquer your student debt. Refinance now.

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I just paid off all of my student loans – and my FICO took a huge, 40-point hit! What gives? I thought paying down my debt as quickly as possible (while still contributing regularly to an emergency fund) was the responsible thing to do? Shouldn’t my score go UP by 40 points when I prove I’m a low credit risk by paying my loans in full, earlier than expected? Continuar leyendo: “Why Does Your Credit Score Take a Hit When You Pay Off Your Student Loans?” →