credit score - w/ recent changes, will it go up or down
Date: Wed, 07/25/2007 - 14:57
My credit score seems to have improved since I took out a consolidation loan to pay off credit card debt about 45 days ago. I now have an installment account open for the loan (as well as student loans which will kick in in six months or so), but I now have (and should be able to maintain) a zero balance on all five of my credit cards, with about $17K in available credit. My score is now 660, up from 600 two months ago. My question is whether this score will remain the same, continue to go up, or go down in the months ahead.
The payment history on your loan account will leave any kind of
The payment history on your loan account will leave any kind of positive or negative effect on your credit. If you are making the payments on time, your scores will improve from this point.
Any new credit acquired during this time will be reported on your credit copy. Your credit will look good if you are maintaining a good payment history. Try your best and don't let any negative item hit your file.
