Does borrowing and paying off debt, say a loan or mortgage, actually improve a credit score?
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).
Asked by Louis
Answered by David Skow
Mortgage Professional in Seattle , WA
There are lots of ways to do this. The first best step is to obtain a lenders vers...