Why did my credit score drop even after paying down the balance?
Date: Wed, 03/07/2018 - 15:46
I have paid off balance on my 2 credit cards after a lot of hardwork. Still my credit score dropped. Why did it happen?
Have you kept zero balance on
Have you kept zero balance on your credit cards? This can be a reason behind a drop in your credit score.
Start using your credit card
Start using your credit card responsibly. That is, swipe your card and repay the entire amount at every billing cycle. With time, your credit score will improve.
pay the credit card bill in
pay the credit card bill in full and within time. Don't miss a single payment. Pay all the bills on time.
Submitted by Sanders Patricia on Mon, 03/12/2018 - 06:17
( Posts: 1241 | Credits: )
Have you applied for new
Have you applied for new credit cards recently? Or did you close few old credit cards?