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

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  Answers  |  1

August 14, 2015

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).

$commenter.renderDisplayableName() | 09.23.17 @ 07:54


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