Credit scores don't track how good you are at managing debt, they track how attractive you are to lenders.
Fewer open accounts and less debt can make your credit score go down. Gotta be a good little consumer and keep enough credit accounts open to get a higher score.
Explain for somebody who's not American?
Credit scores don't track how good you are at managing debt, they track how attractive you are to lenders.
Fewer open accounts and less debt can make your credit score go down. Gotta be a good little consumer and keep enough credit accounts open to get a higher score.