Does it hurt your credit score if you pay cash for a house?

No that's dumb. It didn't affect your credit score in any way what so ever.

If anything it will increase your credit score. Most people can't afford to pay for all of the cost of a house upfront, that's why they get mortgage contracts with banks or otherwise. We paid cash for our house too, but that was because we had a lot of cash from the two previous houses we sold during the real estate boom.

The fact that you now own a home and paid for it in full will show up on your credit score because the real estate transaction is probably somehow searchable via TransUnion or some other financial service that people use to see people's FICA scores

Paying cash has NO impact on your credit score whatsoever. That said, if you stop having DEBT, your credit score will go away. I am about three years into FICO suicide and have no intention of rescuing my credit score.

It probably doesn't help your credit score. But I don't see how it could hurt it if you pay cash.

It means you can afford to pay and don't need to worry about your credit score. I wouldn't really worry about it. Any bank will lend on your financial track record.

No, Of course not, i paid cash for a house last july.

Jus think of all the interst and closing cost fees you will have saved, not to mentio the peace of mind that you have a PAID FOR house.

No, Buying a house in cash increases your credit score exponentially because the house can be labeled as an asset. Assets are like insurance to the company if you are unable to pay back your debts etc..

If you buy the house on loan your credit score will rise higher than buying in full cash, but it is better in this time of economy to buy in full cash.