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Question By
pitIV

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Short term negative situation
Church is constructing a building. Took $35K from CC to write check to construction company to do drawings for permit, rather than wait several months until the loan was approved for church. Had 837 score, dropped to 727 due to this one thing. Loan is about to be approved will write check to me and I repay CC. Discovered my car insurance went up due to the drop in score. Can something be done with credit company or car insurance company?

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Dont worry about that drop if you plan to pay off your credit card. It will recover back up. Credit utilization is 30% of your score so when you use too much of your availible credit your score can take a hit. Conversly if you pay your balances low you will see an increase.

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