Yes! There is something very wrong with this system. While finally building my savings, I paid off my auto loan 6 months early and was rewarded with a 7 point drop in my credit score. Then, I paid off my student loan 3 1/2 years ahead of schedule and was further rewarded with an immediate 12 point drop. Card balances are paid in full each month and my credit score keeps dropping while my financial situation continues to improve. The relevance of this scoring model continues to be called into question.
