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
nhardy14

0 Contributions
0 People Helped
Does withdrawing large amounts at the bank affect your Credit Karma score?
I recently had to take out a good chunk of my savings (thousands of dollars) to pay for school. Other than that change in my financial habits, nothing has changed significantly. I still make payments on time, I'm using about 27% of my credit card limit. I haven't applied for any new credit cards or loans. And I have all the same loans. So can anyone tell me why my credit dropped 75 points in a month?

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
7368 Contributions
3809 People Helped

Your savings account has nothing to do with your credit score.  I suggest you read the articles (look on the left side of this page under "Resources") so you can learn about credit and what to do to build and maintain a good credit score.  That is what Credit Karma is all about since too many people do not know a thing about credit and how to use it.

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.