Does borrowing and paying off debt, say a loan or mortgage, actually improve a credit score?

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Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
As long as your payments are consistent, in full, and on time, your credit score will improve with those actions. Be careful however as a credit score can decrease with too much debt (even when you are paying responsibly). | 08.14.15 @ 15:32
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$commenter.renderDisplayableName() — {comment} | 12.04.16 @ 20:31
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