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Question By
tinamarie65

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Credit score dropped 32 points after paying my house off early
I decreased my debt by $18,000 and my credit score dropped 32 points... why?

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Top Contributor
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It was from closing an account. It is normal for scores to decrease when closing accounts. Be aware that your FICO scores may not have decreased as much as the ones on here, so you may want to check them at some point to see where your credit truly stands.

Top Contributor
7816 Contributions
1496 People Helped

Also, Congrats on paying off the house, that is a true accomplishment!

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