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Posted in Student Loans
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Pooch52

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Why did my credit score go down one point?
When I paid off one of my student loans my credit score went down one point. Why?

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None of us on this site can see your score or any of the information you post, which is good due to privacy issues.  But I wouldn't worry about a one point drop.  Use the tools on this site (Credit Simulator is really good) to help you make smart decisions and see what effect certain actions might have on your score without having to find out the "hard way."

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