Anonymous Posted May 3, 2003 Report Share Posted May 3, 2003 Help!!! My Experian score dropped significantly from 685 for no apparent reason. The only changes on my credit report is more of my debt has been paid off.....Any ideas?????????? Link to comment Share on other sites More sharing options...
kb9tbq Posted May 3, 2003 Report Share Posted May 3, 2003 Had you closed accounts? Some times it is not the best idea to close existing account up behind you burning your bridges. This can result in shrinking your availible credit thus affecting the credit limit / balance ratios. The best way to handle this is to have a few accounts with less then 50% balance spread out; instead of one or two accounts maxed. Link to comment Share on other sites More sharing options...
Anonymous Posted May 4, 2003 Author Report Share Posted May 4, 2003 Nope, and I am using less then 40 % of my available credit Link to comment Share on other sites More sharing options...
kb9tbq Posted May 4, 2003 Report Share Posted May 4, 2003 Would look at a prior credit report; compare the two - there has to be something which has changed to justify the difference. One thought might be that an old tradeline that was helping your credit may have expired off the report.Had you applied for any new credit recently; adding inquiries to the credit report?It is there; just have to look closely to find what changed. Link to comment Share on other sites More sharing options...
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