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Does your credit score do this?

Anonymous
Posted by Anonymous
  • 51 Replies

I am getting BEYOND annoyed with my credit score. I use CreditKarma to monitor mine and DH's credit especially with the talk of moving. DH has closed credit cards but his score hasn't budged in months which to me is better than it dropping and it's close to a 600 credit score which is way better than it was a year ago. Mine however, I have new student loans and a credit card I'm paying off plus medical in collections; thankfully majority fell off already but still. It seems like my score rises then BAM! It drops by x amount of points regardless of my payments. What a pain in the ass this is! I was so close to being near 600 myself then I get his with a 26 point drop. No new medical in collections, same credit card I'm even planning on paying half off with taxes and my student loans which I feels is the culprit for this fuckery. 

Do you monitor your score? How does seeing any random fluctuation make you feel?


I feel like the more I improve it one day the next it drops. It makes me want to scream because DH and I are investing in a house within 2 years time which we hope will be enough for a positive rise once we clear up some of the issues dragging our credits. 


NOTE BECAUSE OBVIOUSLY NO ONE READS THROUGH REPLIES: THE CREDIT CARD ACCOUNTS WERE PAID IN FULL. NOT DELINQUENT AND GOING UN USED THEREFORE CLOSED BY THE COMPANIES. SOMETHING THAT DOES AND DID HAPPEN. IT IS BETTER THEY CLOSE IT THAN US ANYWAY. OK NOW MOVE ON PAST YOUR COMMENTS ON THE CREDIT CARD ACCOUNTS BEING CLOSED. THANKS!

Posted by Anonymous on Feb. 9, 2018 at 2:18 PM
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Replies (1-10):
Anonymous
by Anonymous 2 on Feb. 9, 2018 at 2:20 PM
I don't regularly keep track of ours.

Bump
Foxilady
by Nymph on Feb. 9, 2018 at 2:21 PM
We don’t close accounts (unless it’s loans) - lose points for that.

We purchased a home in 2014 and our fico dropped 70 points.

Fluctuates 20 points throughout the year

All benefits the banks anyway....
KitschyMeow
by Meowtyme on Feb. 9, 2018 at 2:22 PM
I don't keep track of my credit score.....
Anonymous
by Anonymous 3 on Feb. 9, 2018 at 2:23 PM
My parents struggled with their credit for years.. they finally bit the bullet and got help by a pro and they have told me everything I know now. DH is in the same boat as you, though.. only his problem was shitty decisions lol now it's going to take forever for us to get a house.

I only monitor mine when I KNOW that I'm doing good. I recently had to use $700 on my credit card because DH put off the power bill and "forgot" to tell me. So I haven't checked it lately.. lol but I will when I pay that off next week! His bonus check is going straight into my credit card lol
Fat.Bottom.Girl
by Gold Member on Feb. 9, 2018 at 2:23 PM
Are their new inquiries hitting your credit?
Anonymous
by Anonymous 1 - Original Poster on Feb. 9, 2018 at 2:24 PM

Thankfully we didn't close our accounts either which I heard it better to have them do it than you anyway. 

Buying a how dropped your score? Thats crazy. Was it one of those hard pulls? Sorry for asking, I just didn't know it would drop that much. 

Quoting Foxilady: We don’t close accounts (unless it’s loans) - lose points for that. We purchased a home in 2014 and our fico dropped 70 points. Fluctuates 20 points throughout the year All benefits the banks anyway....


MommyOfOne2710
by Platinum Member on Feb. 9, 2018 at 2:25 PM
I haven't really noticed that. I will say though, that my CreditKarma score is quite a bit lower than my actual score. I Googled this and it happens to many other people as well.
Anonymous
by Anonymous 4 on Feb. 9, 2018 at 2:25 PM
If you're using Credit Karma it should explain the changes. FYI your balances for credit cards only update with each statement. I'm not sure how it works with loans as I never had any.
Anonymous
by Anonymous 1 - Original Poster on Feb. 9, 2018 at 2:26 PM

The only 'new' accounts put onto my credit are the student loans that I am yet to have to begin paying because I'm not in the window yet. I had 2 loans posted a month ago which dropped my credit by 19 points when added then I got notified today and it dropped another 19 points because they added the other 2 as well (transferred schools). And of course it updates my credit card but I have on time payments which confuses me. 

Quoting Fat.Bottom.Girl: Are their new inquiries hitting your credit?


Foxilady
by Nymph on Feb. 9, 2018 at 2:27 PM
Yes. Loans are always a “hard” inquiry.

We built our home. So we had inquiries at 4 months, 6 months and again at closing.
We recovered fast enough because we “pay as agrees” and have no late payments or collections.


Quoting Anonymous 1:

Thankfully we didn't close our accounts either which I heard it better to have them do it than you anyway. 

Buying a how dropped your score? Thats crazy. Was it one of those hard pulls? Sorry for asking, I just didn't know it would drop that much. 

Quoting Foxilady: We don’t close accounts (unless it’s loans) - lose points for that.

We purchased a home in 2014 and our fico dropped 70 points.

Fluctuates 20 points throughout the year

All benefits the banks anyway....

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