sold my home

[Anonymous]

I have just sold my home(mid sept) and am looking to purchase another. Will the paid off balance increase my fico scores?

[Anonymous]

It could go down-

I would not expect a big change-
You did reduce your mix of credit.

[Tavares]

Tim,  in my case it actually went up by about 22 points accross the board with only one student loan on file.  The reason for the increase was "Many accounts showing plaid as agreed" from score watch.

It all depends on your credit profile i would say. I hope it also goes up for you.

Good Luck,

Tavares

[Anonymous]

I lost 34 points on my score when I sold my house and closed mortgage. $$$$