PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on July 14, 2025, 10:49:05 PM

Title: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 14, 2025, 10:49:05 PM
..per our last complimentary credit check but just a little so still all good overall  O0:

(https://i.imgur.com/6UEI4ao.png)

(https://i.imgur.com/NtlaH5L.png)

Title: Re: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 14, 2025, 11:07:17 PM
Looks like the average FICO score is around 700 so we aight  O0:

(https://i.postimg.cc/NMBzTKNs/fico.png)
Title: Re: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 15, 2025, 10:49:47 PM
Credit score took a little hit but no more of those debts feels good though... O0
Title: Re: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 16, 2025, 10:38:15 PM
Too bad we can't go back to the old ways where your word is your credit score.

My FIL missed those days when he lived in Iowa back in the 60s.
Title: Re: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 18, 2025, 12:19:47 AM
He told me that back in the 60s in that Iowa town he lives in, trust, integrity and credibility were huge and the whole town goes by it. If someone didn't have enough money for their groceries, the store just trust their customers to make up for it the next they come back to shop.

Words hold a lot of weight.
Title: Re: FICO down due to no more debt/monthly installment of student loan, car loan, etc
Post by: theking on July 18, 2025, 12:21:04 AM
Having some debt and making regular installment payments on a timely basis can help positively impact your FICO score.

However, having too much debt can negatively impact it.