170 People Helped
Member Since: February 2008
You failed to mention that, even as you pay down your balance, credit card companies like to reduce your credit limit at times - keeping your utilization rate high, your credit score low, and subsequent interest rates high. A win for them at your expense with this stupid credit score game.
mysticfree's response was:
Credit Karma has "open accounts" as having low impact on the score. Really? A change of 2 accounts causes a 25 point drop and this is low impact?
mysticfree's reply was:
More digging shows that Transunion removed 2 accounts dropping my open accounts to "6-10". Equifax, on the other hand, shows that I still have 13.
What a joke credit scores are, and yet we have to live and die by them.