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Credit score app flagged me for paying off my own loan
Last week I paid off my truck loan early, like 14 months ahead of schedule, and my credit monitoring app sent me a push alert saying my score dropped 23 points because of 'decreased account diversity'. I mean, I get that closing a loan changes your mix, but it felt like the algorithm was punishing me for being responsible. I called the lender to confirm the payoff went through, and they confirmed everything was clean, yet the app still shows me a red warning banner. Has anyone else gotten dinged for doing something financially sensible and had to fight with the scoring model about it?
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