A 35 point drop should either be a temporary blip, or a result of having practically no other credit.

A significant portion of your credit score is the average age of accounts. When an account closes, that is no longer accumulating time (this is also why you should just keep credit cards you aren’t using open, and if they have an annual fee, have the issuer change it to a free card if they can, I.e Chase Sapphire down to Freedom).

Another portion of the score is debt-to-limit ratio. If that goes from $250:$10,000, down to 0:0, you look a lot worse as a credit customer.

ooh this reminds me I had a coworker confidentially tell me credit doesn't go down after closing a line! I know in the long run it's beneficial but when living paycheck to paycheck it's not very easy to think about the future :)

I have refused to talk to her since lmao

Money is the worship of a pure abstraction. Money is religion. It's the religion we were all inducted into. We perform rituals to gain the symbolism of our worship in the form of papers, sing metals, and abstract credit. We have faith in our religion, based on the morality and parables we've created around it. Should you lose your faith In the great pure abstraction, there are many broadcasts that evangelize it, justify its existence, and tells you how to live by its virtues.

It actually sounds like the opposite.

Your "good" credit card customer is presumably paying more credit card fees on accounts so is actually less sound financially.

So if you mean playing the rules means paying higher fees to credit cars companies then that just helps show how stupid the system is.

Also, I actually disagree fundamentally with the argument. If it's just based on how old your accounts are then that is a shitty system. It's not only easy to play by the rules, but then presumably to abuse them as age of an account doesn't indicate much about your ability to pay off bills.

The numbers Mason, what do they mean?

Not sure what her financial situation is, but if the loan on her car was the oldest thing on her credit report paying it off will lower the average age of her credit history and that can lower your score.

If she had a credit card that was opened before she got the car loan and never missed a payment on the credit card, paying of the car would have raised her average credit history and raised her score.

It's not some secret how this stuff works, Credit Karma tells you all this.