Find out possible ways your credit score can drop, including closing an account or opening a new credit card, and how to avoid a hit to your credit.
I PAY MY BILL. WHY IS MY CREDIT SCORE DROPPING?The article presents answers to a question related to the declining credit score of an individual who has an American Express business account and who has been paying off his balance every two months.Goldwasser...
You may think that you have just one credit score, but the reality is that you have a few. So, when tracking your score over time, be sure you’re comparing the same type of credit score. First, look at the credit model. The two most popular ones you’ll find are FICO® and Va...
Why Did My Credit Score Drop After Paying Off Debt? Wiping out a debt is always a net positive, but be prepared for possible side effects on your credit score.Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ac...
However, what happens if you don’t have enough credit history to generate a credit score? This is where the concept of a ‘thin file’ comes into play. A thin file refers to a limited or minimal credit history, making it difficult for lenders to assess a borrower’s creditworthiness...
My credit is good enough that I’m not especially concerned about not getting approved for the card, but if I have the option, I’d still like to avoid a hard credit pull (and the resulting credit score ding) if I can. Approval decisions surprise you sometimes! Why I might pass on ...
If your mortgage has impounds, the homeowners insurance portion of your payment might rise due to factors like claims, natural disasters or a drop in your credit score. In that case, you might want to shop for another insurer or try to get a more affordable policy with your current insurer...
Also, because of their larger payments, shorter loans may be a tad tougher to get. To qualify, you’ll need a bigger income, higher credit score and lower debt-to-income ratio than you generally would with the traditional 30-year mortgage. ...
When a website changes how it is organized (linked internally), some pages may have fewer internal links or be linked to pages that have less value to pass. The new organization causes pages to receive less value, which in turn lowers their score, dropping them below the threshold needed ...
The way this is being managed through the vaccine as a techno-fix, through authoritarian mandates and digital QR passports; leads us towards a Chinafication of the west. Where, we are basically walking into a social credit score system” that will forever restrict our freedom. ...