I did close credit one and 2 capital one cards and a walmart card, they were redundant ant I didnt need them and i had read as long as you dont mess your utilization ratio up it wont affect the scores?
Student loans going down, 1% utilization
6 active cards, I did close a car loan which caused aggrigate installment to go up, but have paying that down, went from 745 (733, when the car loan reported paid), 731, and now 722. Keep in mind fico 8s havent flinched, I dont get it
@Anonymous wrote:
I did close credit one and 2 capital one cards and a walmart card, they were redundant ant I didnt need them and i had read as long as you dont mess your utilization ratio up it wont affect the scores?
Student loans going down, 1% utilization
6 active cards, I did close a car loan which caused aggrigate installment to go up, but have paying that down, went from 745 (733, when the car loan reported paid), 731, and now 722. Keep in mind fico 8s havent flinched, I dont get it
New accounts?
Sorry your score has gone down. Hopefully it bounces back soon! I think anytime you close some cards it has the potential to make your scores dip because you lose some age of credit. Unless the cards you closed were the newest cards in your profile that is probably one reason why. Sometimes you also go down because you lose part of your credit limit when you close cards which could affect your overall utilization (from your post though I don't think this is an issue for you). Also with paying off a car lone I've read about others who did see a dip in their scores after paying off their car loans too. Some have lost a significant amount of points soon after paying their car loans off, 30 points and more.
My fico9s are 50-60 points lower than my fico8s.
sucks.
