charisma2 wrote:I recently paid off my automobile, just two months earlier than determined. This caused my score to decrease by points, nothing major, but not good since I was hoping that less debt was best. This was not the case. As I pay off debt, I am not seeing the increase I thought I should. Of my cc debt, I am only using 21% of what is available from open accounts. My oldest account is 27 y/o, 1-2 delinquencies from 2002.Is this just a short term response, or could the effect be longer? How can I increase this score?
Both delinquencies were only 30 days, never more. I say 1-2, as delq are listed differently on the two reports I have, EQ and TU. One was a small retail acct that had been reactivated. Since was not a normal acct for me, I missed the first payment. Once I realized it, I paid the acct off in 3 months. I cannot remember the specifics of the other acct, but the report indicates the I was delq in Jan '05, but the date of the last paymt was 10/04. This has to be disputable, yes???