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re: Paid off student loan, credit score dropped 28 points
Posted on 10/19/14 at 5:44 pm to DownshiftAndFloorIt
Posted on 10/19/14 at 5:44 pm to DownshiftAndFloorIt
It sounds like this may have been one of your older credit accounts. Unintended consequence of eliminating debt is that occasionally something like this happens.
Shouldn't be 28 points, though. Something else must be going on. I would go through your credit report with a fine tooth comb.
Shouldn't be 28 points, though. Something else must be going on. I would go through your credit report with a fine tooth comb.
1
Posted on 10/19/14 at 6:08 pm to Ace Midnight
The one I get through the credit card company doesn't have much detail other than score, debt, credit lines, and payment history.
It was a private loan from a year and a half ago.
I'm just having a hard time wrapping my head around paying something off being bad.
It was a private loan from a year and a half ago.
I'm just having a hard time wrapping my head around paying something off being bad.
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