you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 2 years ago (2 children)

Who would you rather give a loan to? A person who you know is currently able to pay you back or a person you know was able to pay back the loan 10 years ago?

  • source
  • parent
  • hideshow 4 child comments
  • [–] 1 point 2 years ago (1 child)

    The person who just paid me back, because they can obviously pay me back.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 0 points 2 years ago (1 child)

    Exactly, so that answers the question. When you finish paying your loan, you stop paying back money and thus your credit score is slightly lower than when you were actively paying back.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 0 points 2 years ago

    That's the opposite of my point. Let me correct myself here. The person who just *finished paying me back because they can obviously *make every payment until it is paid back again, as they have obviously demonstrated.

  • source
  • parent