Credit score free Baltimore

Had I not canceled my credit cards, maybe my score would be 750+ or 760+!

Theres no way to know for sure, but canceling my credit cards may have caused my score to stagnate.

Another possibility is that FICOs algorithm may still need more time before it begins to punish my negative behavior. I find this theory less likely, as its been well over a year.

Over time, maybe the score will slip more dramatically. On that note, if we keep up our current pace, well eventually cease to have a credit score at all! It can be argued whether this is good or bad, however youll be hard pressed credit score free Baltimore to convince me that credit score free Baltimore executing our current plan for another 5 years will put us in a bad position financially. my credit report free So what does this all mean for you? Its important not to draw any sweeping conclusions from credit score free Baltimore a single example. I fully expected my credit score to drop more than a mere 5-10 points, based on the information Ive been reading for the past two years. It would be irresponsible to assume canceling your own credit cards would yield a decrease or an increase in your score based on my results. At the same time, my sample case study has caused me to reevaluate just how much we know about the algorithm used for calculating your credit score. online credit report free All we have are graphs and lists of potentials factors that may be taken into consideration. The only universal lesson that can be extracted from this is to ensure that an estimated change in your credit score isnt the primary influence on your major financial decisions.

Of course, you should have any credit score free Baltimore and all information you can. Im not suggesting we should all ignore the information that is available about the make-up of credit scores.

Just be wary of letting it dictate any major financial decisions on its own.

A week ago, I considered credit score free Baltimore myself fairly savvy on the topic of credit scores. (Note: Divine credit score free Baltimore Caroline also has some tips on Six Sneaky Factors that Affect your FICO score.) This article is about Credit Cards

I am glad to hear that your credit was not adversly effected by cancelling cards. check your credit report I recently cancelled some cards that I was no longer using. I am about to pull my report and I am curious what I will see as well. I love reading your blog and your adventures overseas.