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newyork77

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CHANGE IN MY CREDIT RATING
MY CREDIT RATING WAS 778, THEN MY NEW MORTGAGE WAS PUT ON MY CREDIT REPORT AND IT WENT DOWN TO 758. PLEASE ADVISE

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A new credit (mortgage loan in your case) would normally reduce the average length of credit history. This leads to a credit score reduction. Also note that having a new credit meaning you have applied for one with a hard inquiry, which also leads to a score reduction. But normally, after the hit, if you always pay on time for the new credit, together with those old credits you had, you score will be bumped up faster. Just be patient :D

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