I have quit a bit of loans on my credit and everytime I close my score drops considerable I am in the low 500's but before I was in the mid 600's, what do I do?
If you are closing a loan that you had for quite a while, this may be the cause of the drop. It may also be affecting the amount of credit you have available to you vs. the amount of credit you are using. (%). The formulas they use are very complex and are not told to the public. Many factors come into play on your credit report. Tell a little more about the rest of your report and maybe I can help.
If you are closing a loan that you had for quite a while, this may be the cause of the drop. It may also be affecting the amount of credit you have available to you vs. the amount of credit you are using. (%). The formulas they use are very complex and are not told to the public. Many factors come into play on your credit report. Tell a little more about the rest of your report and maybe I can help.
Sincerely,
Mario Costanz