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Jan 18, 2021
6:16:52pm
HarlemCoug All-American
one thing that gives you help on your score is having loans where you've paid off more than 50% of your initial
balance.... some people take out loans for say $80k on their car and then pay $30k of it the next month just to get the good ratio on their report.

Your mortgage works the same way... achieving certain hurdles, gives you a bump in score...

Makes sense to me... a person who had paid off 30% of their initial mortgage balance seems like a better credit candidate than someone who has only paid down 5% of their mortgage....
This message has been modified
Originally posted on Jan 18, 2021 at 6:16:52pm
Message modified by HarlemCoug on Jan 18, 2021 at 6:17:32pm
Message modified by HarlemCoug on Jan 18, 2021 at 6:17:43pm
Message modified by HarlemCoug on Jan 18, 2021 at 7:00:35pm
HarlemCoug
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Big12
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HarlemCoug
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