@Anonymous wrote:
Actually your wrong the account has always been in good standing and never was negative
You stated they "made" you pay something off instead of taking "full two years payment plan"
Paying off a loan could cause a score drop, but i've never heard of having to pay off a loan as a condition for mortgage.
If it's not a loan but a revolving credit, they might ask to pay it down if the utilization is high.
If it was a revolving account, and the only one with a balance, that's a self correcting issue.
Just have it report a very small balance next time. If that account was closed but you were still making payments, that's a whole another story.
Also, you never stated where you saw the scoring drop or on which scoring model, so it's a guessing game at best. Or what the scores were before/after the drop.
We can only go so far based on your initial post without interrogation, and if you want to get more information, or at least better one than the stimulator offers, you'd need to provide more details.
Scoring system can be wonky and counter intuitive but it's definitely not a conspiracy.
It fits nicely under " It is what it is" cliche, but luckily there are workarounds when it comes to several aspects of it.
I hope you get help with your issue
