My credit score dropped when I paid off my car.
My credit score dropped when I paid off my student loans.
Credit agencies told me: "You should get more loans to increase your credit score."
The system punishes you for not owing any money.
They want you in debt forever.
Credit scoring is one of the biggest scams.
I have literally just started using a credit card I really Do Not Need for larger purchases instead of my debit card for mainly this reason (the other reason would be effectively getting 4-6 weeks interest free credit!). If I ever actually NEED the emergency cushion of the credit card, I will want a useful limit on it, and that can never happen if I don't use the damned thing. In fact my last three credit cards were all cancelled by the providers specifically because I never used them.
This may be a foolish strategy, but it seems to work at present!
Andrew Lokenauth
Bytebro 🇬🇧 🇺🇦 🇬🇱