WebNov 21, 2024 · So when you pay off one of your student loans, your score refreshes to reflect that you have one less installment account than you did previously. That will likely … WebJan 23, 2024 · Paying off debt may lead to a temporary score drop. There are multiple reasons paying off a personal loan or credit card debt can lead to a temporary drop in …
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WebFeb 9, 2024 · Student loans can have a major effect on your credit score, so it pays to understand the relationship between student loans and credit.On one hand, borrowing … WebJun 18, 2014 · Second, paying off a student loan doesn’t cause credit scores to drop. He should continue attacking his student loans, because making payments on time is crucial to a good credit history, and the faster he pays them off, the more money he’ll save in … loose leaf tea melbourne
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