I'm finally Debt-Free (No mortgage, Notes or Credit Cards) I don't feel any better and my Credit Score Dropped. F*CK IT! RUN IT BACK UP!!!

[Stuntone]

I worked all those years and trying to do things smart and finally was able to pay off my house, car, van, bike and credit cards. Thought it would feel great, like a big burden off my shoulders. I didn't feel nothing.
Not only don't I feel any better, my credit score dropped from almost 840, to like 690.



With that said, I'm starting to feel like it's all a scam. And debt is just a way of life. And if you aint using debt/credit to make money, you might as well die in it. Debt that is. Hell I'm 41, I can die at anytime. My Maxima has been excellent and reliable, but it's not how I really want to drive. I want that new Lexus Land Cruiser or a 2018 and up. Really a G-Wagon, but they're lost their mind with those prices. Really, if you don't have any kids or responsibilities. You're working everyday, fukk it, run it up while you here.


I've lived a good life, took chances and lived wild at time, so I havent played it totally safe, now that im over 40. And i'm still working everyday, I might as well drive what i love, go where i want and do what I want. If I regret anything in the future, it'll be playing it safe.

 

[Francis Manancis]

Stop giving prostitutes your credit cards you jackass...

 

[god shamgod]

Lexus Land Cruisers wakk , big ass grill lookin like a decepticon about to transform fukk that truck

 

[duck]

If u already own a house and multiple vehicles, what do u need credit for anyway?

 

[Dafunkdoc_Unlimited]

It'll take a couple cycles for your credit score to go back up and won't reach your previous level unless you have more debt to calculate. Just make smart purchases and pay them on-time rather than in-full.

Been debt-free for over a decade now. It's a game, but you can win.​

 

[Hater Eraser]

 

[Stuntone]

Lexus Land Cruisers wakk , big ass grill lookin like a decepticon about to transform fukk that truck

That Truck will outlive you .


Plus I'm going back to Louisiana, I need to be able to tow, and go to trailrides and all that other country shyt.

 

[The Radiant One]

Debt free is the best thing your credit will go up. You also have the cash flow of those payments every month

 

[Silver Surfer]

Damn why your credit went down????

 

[Dafunkdoc_Unlimited]

Damn why your credit went down????

No active debt = Nothing to base your credit score on.

It's a game.​

 

[Wig Twistin Season]

If you want a higher credit score, maintain your cards at 30% or less of their limits and don’t pay them off.

Keep your overall revolving credit utilization at 30% or slightly less. Keep your debt to income ratio low. Also pay before the due dates.

Another hack that used to work, but they may have caught on to by now is once a year, report a card lost or stolen. Any of them. But just one. It will be recorded as multiple credit lines for the ONE you’re maintaining and doubles the good reporting for that line of credit.

I look at people’s credit all the time in my line of work. I’ve built mine up multiple times. It’s all a game.

 

[Ashley Banks]

Lol that’s how it happens because your credit score is calculated by

1. credit mix (credit cards/loans (car, house, personal),

2. usage let’s say you have 100k credit line and you use 30% of it usually and make reg payments that will keep it going up but if you don’t use any of it won’t go up, might even drop and if you pay it off and close it or just never use it won’t count towards your usage.

3. Account age, if you paid it off it’s not counting it so you went from a 15 year old credit line to 7 for example.

4. On time payments, if you paid it off, you’re no longer making payments so it can’t count towards your score.

 

[jilla82]

the drop is temporary...itll go back up

 

[invincible1914]

So happy for you




Maybe I will join you one day.

 

[Family Lives Matter]

Salute breh but how you debt free and not understand how credit scores work?

They want you to stay in debt that's when your profitable to them.