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COLT4551

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HOW STOP MY CREDIT SCORE FROM DROPPING

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MY CREDIT SCORE IS FALLING WHAT IS CAUSING IT TO FALL

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You will have to explain a little bit about what is going on with your credit for advice, just DON'T give any personal info. You can also do some reading on this site and across the interent that will teach you the things that make credit scores fall, some things that can cause credit to drop are:

"Hard Inquiries" these are done when you apply for credit

"Opening new accounts" this can sometimes have a negative effect by dropping the average age of your accounts

"Utilizing more than thirty percent on your credit cards" read about credit utilization

"Late or missed payments"

"Charged off accounts or collections" can hold a credit score down

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Reply by
jwsister

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Also, you don't want to close any accounts that are paid off and don't want to pay the accounts before the closing date.  Wait until the bill is generated, then pay by the due date. 

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