u/BotSuggestion

I recently paid off my car loan and my credit score dropped 40 points. It was a 6 year term that was paid off early.

Now I’m debt free and I thought (still think?) this is a good thing. Someone recently told me that I didn’t play the game right when I shared this which made me wonder what the “right way” is. I want to build wealth, just have a few bucks in savings/401k.

Am I supposed to go pick up new loans to get my score back up? Would that put me in a better personal finance path?