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Question By
Mattcheck

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Credit went down 78 points because new employer listed?
So the place I work at was added to my credit report and my score went down 78 points and 18 on equifax I've been working at same place for 8 years 3 months exactly. There is no way to dispute this that I can tell and where it says changes it says nothing but great job you lowered your balance to less then 10%.. yea great job here's a 78 point reduction bad part is I'm going to be buying a car next month so timing is just great is there anything I can do or do I just have to bend over to the largest crooks in use to be the greastest nation America?

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Your employer change did not affect your credit score.  Just as address and phone numbers don't have an effect.  This is reference information only.   A 78 point reduction is more reflective of a negative item being reported.  

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Mattcheck

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That's what I thought but nothing has changed on my report other then that. I don't get it and it really ****es me off since I've been trying to get everything back on track.

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Mattcheck

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Just seen what changed and it should of helped my student loan finally shows up as open and current that changed my history to 4 years 4 months instead of just 4 months. So instead of it saying closed derogatory included chapter 13 wage earner plan it says open current and it kills my credit.

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The amount of the student loan would have an impact, as you pay it down, you see minor increases monthly to offset any reduction in the score.

Reply by
Mattcheck

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I could see a 20 point drop maybe but really my mortgage says closed because bankruptcy even though i still pay it but thats the law so my only open accounts are cc card 50 bucks out of 1000 student loan 176 a month payment 8000 Balance and current I don't see how that kills it.

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