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
penguinette

0 Contributions
0 People Helped
my financial situation has improved yet my score has dropped?
i paid off all my credit debt, i only have car payment, which i refinanced to lower my APR from 7.4% to 3.99% and i'm paying more than minimum, and i also have my mortgage. I still use a credit card but pay off the balance in full every month. why is my credit score decreasing?

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
17 Contributions
13 People Helped

that's normal

your credit utilization's too low.  credit scores aren't just about responsibility, theyre about that and how good /loyal/profitable of a customer you are to banks. and that sometimes requires having some debt to them for an excellent score- as opposed to above average.  it's contradictory.  don't worry, credit scores aren't everything

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.