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My credit score dropped after paying off 7 month old account. Why? I lost 70 points




There can be many reasons. Check your credit report and find out if there are any other negative items on your credit report. Has your utilization ratio increased recently?

Sub: #1 posted on Wed, 04/25/2018 - 23:23

ditchdebt ditchdebt

(Posts: 679 | Credits: )

It can happen if your credit utilization ratio increased.

Sub: #2 posted on Thu, 04/26/2018 - 05:32

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

You must check your credit report as soon as possible. Have you closed any of the old credit accounts recently or opened multiple new credit accounts?

Sub: #3 posted on Thu, 04/26/2018 - 23:34

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Check your credit reports and dispute errors, if any. It might be the reason too that there's an inaccurate listing on your report.

Sub: #4 posted on Fri, 04/27/2018 - 07:02

Good Nelly Good Nelly
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