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alvie1

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How come my credit score dropped after 53pts. after having negative accounts taken off

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Top Contributor
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It should bounce back

Helpful to 1 out of 2 people

Just the nature of the beast.  Activity on the account will cause scores to change. Truth is that your daily score changes all the time with each payment and new balance reported.

Having accounts removed, Negitive or otherwise, changes your debt to income ratio, Utilization rates and other factors.  Credit is a game of time. So your focus should be on the long term, Don't focus on what your score is today, Because its going to change tomorrow.  Educate yourself about how to manage your credit, It's a lifetime investment, And THEE most important investment you make.  

A good credit score isn't about how much money you have, it about how you manage it.

Good luck  

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