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Paid Off Credit Card - Score Decreased 10 Points!

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JohnIsHere
New Member

Re: Paid Off Credit Card - Score Decreased 10 Points!


@FireMedic1 wrote:

@JohnIsHere wrote:

@FireMedic1 wrote:


Without knowing full file. Applied for AMEX. HP. Plus dropping down to 0%. New account hit the report. W/O knowing your AAoA's. That dropped. Newest account resets to 0. Add them all up. 10 pts. Which isnt much after a new account.


The main focus was on your 10 pt loss as the title stated. Thanks for the refresher though.


Your synopsis was that my point decrease had something to do with the new account (the Amex Business CC).  I was pointing out that you might have missed that part of my post that stated it was a business credit card, since business cards don't show up on my report as an account.  [I did UPDATE what actually caused my 10 point drop in my reply two or 3 comments above this one.]

Thanks for the input.

Message 11 of 11
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