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Personal finance loan

New Member

Personal finance loan



I am looking for a little insight into a recent negative change to all 3 of my credit reports.  I've been working very hard to restore my credit scores and have pushed them back into the mid-700s.  I recently paid off a personal consolidation loan and my transunion and equifax dropped -8 and experian dropped -11.  There were never any late payments and I think I paid it off one payment early.  Thanks for any comments in advance.

Message 1 of 2
Established Contributor

Re: Personal finance loan

If you only had two payments left when you paid it off, you could have lost the score bonus from having b:l ratio at < 9%.  If it was your only open installment, you would have also lost points for not having an active installment.

Message 2 of 2
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