LogFAQs > #971803746

Carrying credit card debt for the sake of your credit score is a bad idea, given the high interest rate and the fact that carrying a credit card balance often actually hurts your score, but there are countless stories of people's credit scores dropping suddenly after paying off student loans, car loans, or other long-term debts. That's not to say you can't have a good credit score without long-term debt, but freeing yourself from long-term debt (especially early) often does have a negative impact.