When paying off debt *hurts* your credit

And school's out for summer but your loans aren't [The Penny Hoarder Daily]( [Pay off your student loans fast]( [Unforgiven]( [Pay off your student loans fast]( College graduates leave campus with a diploma in one hand and often a massive student loan bill in the other. Federal loan forgiveness dominates the headlines, but those programs won't cover everyone burdened by college debt. If your [mid-year financial review]( identified your monthly student loan payments as a major pain point, then you'll want to [study our guide to paying off your student loans quickly](.   [Money Moves for Regular People]( Most of us don't belong to the wealthiest 1%. The remaining 99% can still build great lives for ourselves and our families. Here are [nine money moves for regular people]( who want to shed their debt and really get ahead. [Money Moves for 99%ers](   [My Debt Went Down But So Did My Credit Score]( [My Debt Went Down But So Did My Credit Score]( This wasn't supposed to happen. You paid off your debt, but your credit score went down. What the FICO is happening? Turns out this unwelcome plot twist is more common than you think. [Our debt expert explains]( the so-called logic behind this extremely frustrating phenomenon.   [Credit Score Under 700?]( Make these moves ASAP. With recent inflation, many people have had to rely on credit cards just to keep up with basic needs. Your credit score may have suffered as a result. If that sounds uncomfortably familiar, [we found some companies who want to help](. [From our friends at CableTV.com: Get paid $2,500 to watch 5 movies at the theater]( [For Those With More Than $25K in Debt]( Has your mid-year financial review revealed you're carrying too much debt? That debt could be hurting your credit score. We'll tell you how you can tackle it, even if you owe thousands. We're willing to bet [you're paying too much interest](.   [How Debt Consolidation Really Works]( Do you have significant credit card debt spread out across a few different accounts? You could save money by consolidating those debts into one balance. Our research found that a debt consolidation loan can often cut your interest rate in half or more, which could save you thousands in the long run. Not into borrowing more? We get it — we also found a few other ways [you can consolidate your debt without a loan](.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](