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 Report
Profile Image

Question By
cheybee03

0 Contributions
0 People Helped
Why would my credit score decrease if I had accounts removed from my credit report?

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
2 Contributions
0 People Helped

That would depend, if you are using the account actively, like paying off an auto loan or paying a revolving line of credit every month, like a credit card, then it most likely would. 

If you had an old credit card that you haven't used in forever and had that removed from your credit report, then that would mostly likely have little to no effect on your credit score.

For reference, when I paid off an auto loan, my fico score dropped 50 points, but rebounded about 30 points the following month.

Also, it will also depend on how many accounts of credit you have total on your credit report, the more you have, the less affect it will have, the less you have, the more it will affect your credit score.

Hope this helps!

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.