Let me make it clear about shock: paying down financial obligation can in fact harm Your Credit

Let me make it clear about shock: paying down financial obligation can in fact harm Your Credit

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It may look counterintuitive, however in some situations, settling that loan can harm your credit, albeit temporarily

There are lots of facets which go into determining your credit rating, all of which will be weighted differently

  • Re re Payment history, which talks to your propensity to cover bills on time (35% of the rating).Continue reading