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Refinancing my car made my score drop

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Anonymous
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Refinancing my car made my score drop

I refinanced my care my score dropped 20pts because the account says zero balance and closed. Is this correct? I dont want to lose my 700 credit score because I did something that would help me. 

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Anonymous
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Re: Refinancing my car made my score drop

It is a normal Fico score reaction. If you read through this forum you'll find dozens of threads chock full of information explaining it.

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