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!


Posted in Credit Cards
Profile Image

Question By

0 Contributions
0 People Helped
Had to finance dental work - dropped my score 40 points
I have been working on rebuilding my score for the past year. I currently have all but 1 item from years ago that went into collections paid off. I have my car that is financed, a small personal loan that will be paid off in a few months, as well as revolving bills now in my name. My score had gotten up to almost 600 and was planning on doing a secured credit card to get that extra 40-50 points over the next year, but I went to the dentist and had to have some work, and they financed 600 dollars of what my insurance wouldn't pay, which I thought was fine - as I thought that will help my report as well. However it dropped my score over 40 points and it is showing up as a Credit Card thorough Fortiva witha 600 dollar limit which of course comes to 100% Utilization.

What are my options here just make the biggest payments I can to get it paid off? Will it still be reported as I basically maxed a credit card out and it took however long to pay off? If I make a lump sum payment of 300 dollars, will that help? I could extend my personal loan I have out to pay it off so it doesnt show the 100 percent utilization, as the interest rates about about the same, I just really was hoping to get that loan paid off and invest in a secured credit card.

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

View your scores and reports anytime.


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.