Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
renrobinson

0 Contributions
0 People Helped
Credit Score goes down 24 points in a night? Removed Accounts?
I have been in the process of rebuilding my credit after being dumb when I was 18-19. I paid off all of the credit cards I opened/went into collections years ago. My credit has been doing great, 100% of payments on time, etc. This morning, however, I got on CK only to see that my Equifax score has gone down 24 POINTS! The reason being, one of my closed accounts from years ago was removed from my account? Did this really just bring down my credit that much? It’s now a 630 while my Transunion is still 684. I guess the only thing I can do is focus on lowering my utilization and continue to do what I’m doing? I wanted to apply for a card only to bring my Credit Limit up, thus lowering my credit utilization but I don’t see how this is possibly now with such a poor score. Any tips or recommendations are greatly appreciated. Thank you!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1132 People Helped

If the account was a positive factor to the average age of your accounts then yes it vanishing from your reports could have a bad outcome. I suggest that you watch your FICO scores too.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.