So far, YES! We’ve been debt free for slightly over 2 months, and we’ve lost 50 points according to CreditKarma.com. Am I upset by this? Not at all, after all the credit score is not really for me, it is for the bank. And the score is accurately representing that I am not as profitable to banks as I was before. After all, if they lend me money, they will be taking a big risk that I might pay them off early!
Tags: credit score, debt, money
Yes!! Kind of like the life insurance company writing a policy for someone who has zero chance of dying during the term..