New Member
Posts: 3
Registered: ‎04-18-2013
Why did my score go down?!!!

I had a credit score of 633. In an effort to get to a 640 to obtain an FHA, I paid off 2 collections on my report. One of those collections was immediately taken on the report, so they said "as a courtesy", the other has stayed on but I received a letter from them in writing that the account is now "closed". So why did my score go down 10 points?!!! I am trying SO HARD to repair my score but I'm about to give up at this point and keep renting which is something that I don't want to do forever. Could anyone please help and tell me why this happened? And what can I do to raise this score to a 640 as quickly as possible?