It’s not like they want to punish you for paying off your car.
The reality is that a high percentage of the population loads up on more debt after paying off current debts, so the algorithm reflects that. Usually those points come back after a couple of months.
They can also fall for stupid reasons. I recently finished paying off my car and my credit score dropped by 6 points!
This is only a brief fluctuation as the average age of your accounts decreases.
That’ll teach you not to participate in capitalism.
It’s not like they want to punish you for paying off your car.
The reality is that a high percentage of the population loads up on more debt after paying off current debts, so the algorithm reflects that. Usually those points come back after a couple of months.
That makes sense, even if it seems dumb to be “pre-punished” for something I’m not planning on doing.