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Paid off lease scores drop in consecutive months.

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Anonymous
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Paid off lease scores drop in consecutive months.

So, my wife and I paid off a lease and leased another vehicle. Our score dropped 26 points for the payoff, then another 11 for the new lease. So, that sucked...then this month my score drops another 19 points for the lease payoff again? Any ideas community?

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Anonymous
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Re: Paid off lease scores drop in consecutive months.


@Anonymous wrote:

So, my wife and I paid off a lease and leased another vehicle. Our score dropped 26 points for the payoff, then another 11 for the new lease. So, that sucked...then this month my score drops another 19 points for the lease payoff again? Any ideas community?


Depending on how think your file it, it may not be just the leased that caused the drop in points.  How many times was your report pulled for the lease?  Is that the only thing that reported ?  They may be other factors contributing to the drop in points.

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