It makes sense that your score went down when paying off loans. I have heard that closing accounts, credit lines, and phone plans do the same too. Supposedly because now theres “less history” of your good credit, or maybe just because of lower credit utilization.
It makes sense that your score went down when paying off loans. I have heard that closing accounts, credit lines, and phone plans do the same too. Supposedly because now theres “less history” of your good credit, or maybe just because of lower credit utilization.
That’s so ridiculous. Either way, it’s back up again but that drop was kind of a shock.