Credit Score thread. How it works is one of the biggest mysteries but it doesn’t have to be. I’ve worked a long time in the lending industry and love to help people gain knowledge on how it works and how to better your score. On time payments is only 35% of the equation. Cont.

10% of the equation is life of the debt. This means how long it has been on your report. So yes, believe it or not, paying off that auto loan will temporarily hurt you score. Crazy I know. But again this is only 10% of the equation. Cont.

I can provide tips to help you use the game against itself. Also, don’t 100% go off of Credit Karma. It’s a good place to see if your score is increasing but the score itself is rarely correct. That’s their own model. Everyone uses and different models to get a score. Cont

Weighing different things heavier than others. I’m not sure who might read this all the way through but one way I want to give back to this amazing FF community is knowledge on credit scores and how they work. Please DM anytime with questions.