LogFAQs > #971803263

It keeps hovering between upper 790's and low 800's.

adjl posted... Yep. "We won't let you take on this debt unless you already have some debt but not too much debt just enough debt that somebody else already owns you but they aren't losing money on you and then we'll want a piece of that." It's not a measure of how well you can handle debt, it's a measure of how much profit a lender can make off of you while putting in zero effort.

I pay my credit cards off in full each month and have almost never had a recurring debt longer than a month (once I have my house, that'll change) and my credit score has been 700+ for at least a decade now.
I legit never get these arguments. It's patently false. I've even had to talk people into paying off their credit card balances (that carry massive interest rates) that they were intentionally leaving in debt b/c they thought it "helps my credit score". And guess what? Their credit scores were just fine afterwards, too.
Propagating this as "common wisdom" is downright harmful.