Started By
Message

re: Paid off my house today.

Posted on 6/17/22 at 12:04 pm to
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 6/17/22 at 12:04 pm to
My brother recently did the same thing. He said it decreased his credit rating.

Ain't that some shite.
Posted by Tortious
ATX
Member since Nov 2010
5142 posts
Posted on 6/17/22 at 12:09 pm to
quote:

My brother recently did the same thing. He said it decreased his credit rating


Doesn't surprise me at all with how that bullshite system works.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 6/17/22 at 12:20 pm to
quote:

He said it decreased his credit rating.



Congrats to the OP, its a good feeling.

Your brother is correct, your score goes down without that account and its payment history....

Posted by armsdealer
Member since Feb 2016
11533 posts
Posted on 6/17/22 at 12:24 pm to
quote:

He said it decreased his credit rating.


That is the number one "bad" thing on my credit. No home loan.

Seriously, am I a bigger credit risk because I OWN my house? Credit reporting is majorly flawed.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99290 posts
Posted on 6/17/22 at 12:35 pm to
quote:

My brother recently did the same thing. He said it decreased his credit rating.

Ain't that some shite.




Mine went down when I paid off my car and a credit card.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5947 posts
Posted on 6/17/22 at 1:07 pm to
quote:

My brother recently did the same thing. He said it decreased his credit rating.



Fuk the credit agencies. His house is paid off.
Posted by Tempratt
WRMS Girls Soccer Team Kicks arse
Member since Oct 2013
13442 posts
Posted on 6/17/22 at 2:06 pm to
quote:

My brother recently did the same thing. He said it decreased his credit rating.


Which is completely stupid.
Also not having any credit cards or having credit cards you never use negatively.

Makes zero sense.
Posted by WhiteMandingo
Member since Jan 2016
5643 posts
Posted on 6/17/22 at 3:27 pm to
It will hurt your credit,
I just bought my niece a Tuscon as a graduation gift and they ran my credit and it dropped it 34 points. I was at 812 and I paid everything off and my credit dropped to 778 the reason on the equifax said lack of a home loan.
This is question the reguators should have to explain. it's bullshite
This post was edited on 6/17/22 at 3:41 pm
Posted by Sneauxghost
Member since Sep 2020
1089 posts
Posted on 6/17/22 at 3:52 pm to
What does he need credit for? He has no debt, he can pay cash for what ever we vet he wants… my credit is damn near zero and it’s awesome
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram