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Credit Used

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Anonymous
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Credit Used

Why is it when you use your credit to make a purchase your score decreases? I know this is supposingly computer generated, but use of your line of credit does not always mean your in need of funds. I purchased new furniture on a furniture account and my score dropped 7 points.
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Tuscani
Moderator Emeritus

Re: Credit Used

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fused
Moderator Emeritus

Re: Credit Used



ericaktj wrote:
Why is it when you use your credit to make a purchase your score decreases? I know this is supposingly computer generated, but use of your line of credit does not always mean your in need of funds. I purchased new furniture on a furniture account and my score dropped 7 points.


Is this furniture account a consumer finance loan?
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