My Credit Score DECREASED Nearly 40 POINTS | Why I'm Not Worried
Vložit
- čas přidán 7. 09. 2024
- My credit score decreased nearly 40 points. This video explains why I'm not worried about the big credit score decrease. I'll explain why my credit score decreased and things that you can do in order to make sure you're not highly affected if you ever experience a decrease in your credit score.
#creditscoredecrease #creditscore #creditscoredropped #Wateryoursoil
--------------------------------------------------------------------------------------------------------
Be sure to check out my website on how to improve your credit score: www.wateryours...
I also have a book to help you improve your Credit Score: www.mastercred...
Yes, the book is on Amazon as well:
www.amazon.com...
Follow me on Instagram: / wateryoursoil
I paid my wife’s student loans and her credit dropped from 815 to 771. She was so worried lol it took 3 months to get back over 800 again. So it’s not a big deal. Debt free is the way to be, I agree!
Nice. Yeah, debt free is a great thing.
How do u get to 800 i always pay before due date, but ill leave like 3 bucks so it reports to credit buresu
My score dropped 40 points this morning from 740 to 700! i think because of age of credit, im older but newer to credit, i was always a cash dude, anyway just got 2 new credit cards that hit my report and blammo. its all good though! The good thing is it will come back stronger its like hitting the weights, you get beat up and sore feeling but it makes you stronger in the end. Thanks for the uplifting video
I appreciate it, Donatello. Thanks for watching.
Thank you… I made a huge early payment that took a HUGE chunk Out of my cc debt and it Dropped My score 15 points… The thought of knocking out that debt early made me feel like I was being responsible… fico seems to see credit score as how you manage a balance…. I always make payments that won’t result in interest and my credit score dropped because of it… i’m a person that is rebuilding a once perfect credit score and I’ve done well but I can’t help but feel slapped in the face for Lowering my overall credit card debt
Hang in there. Thanks for watching, Nate.
Ya I paid off 2 car loans, bought a house, & opened 2 new credit cards. My score dropped about 25pts, but i aint worried because it’ll bounce back in a mth or 2
Great way to look at it. Thanks for watching.
Thank you for making thing my score just dropped 30 point! Now I don’t feel bad about it
Thanks for watching.
You think that’s bad mine just dropped 62 points and I have no idea why
It's tough when it drops like that. Thanks for watching.
Just had this happen to me. I paid off two cards in full and am down to one card with a balance. My score dropped about 27 points.
Hang in there, Herbert. Thanks for watching.
@@WaterYourSoil I’m late to the party but learning a lot. I’d rather have a score drop than to keep feeding the sharks.
U just explain score drop because of paying something off….. what about it dropping for no reason at all??
Thoroughly look over your credit report. Sometimes it does drop unexpectedly. It happened to me multiple times. But the likelihood of it dropping because of something on your credit report is usually higher than it dropping for no reason. Thanks for watching, Robert.
I’m crying over here just paid a loan and dropped by 50 points man now I’m at 595😢
It happens. Thanks for watching.
Just paid off my car and panicked but ok, I’ll wait for the bounce back
Yep. Give it some time. Thanks for watching, Tasha.
short term drop only
Yep. Exactly why I'm not worried.
How do I get into the ecosystem of American Express? Match on every card site but never a pre approval from their site.
It all depends on numerous things. Your Credit Score, credit report, etc, I started with one of their no annual fee cards years ago, but its always case by case per individual.
@@WaterYourSoil Thanks for responding! Keep the content coming
@@michaelmcclendon6467 Thanks
I had a collection and a inquiry removed from my report and no other changes were made and my credit score dropped. There were only positive changes to my credit report and there was no payments being made on an collection account it was just being reported as a collection so I don’t understand why my credit score dropped 8 points. I’m trying to rectify my credit and this is frustrating me, somebody help or explain this to me please.
Stay persistent. Hopefully your score goes back up soon. Thanks for watching.
My score dropped by 64
No late payment in the total history
Credit utilisation is 19% no hard enquire from 3 months
I just paid my credit cards almost in full
I don’t know Why it has happened suddenly
That's unfortunate. Hopefully your credit report puts you in the right direction with finding the source of why. Thanks for watching.
I’m going through the same thing man , except mine dropped 51 , gonna wait a few days & if anything gonna reach out to Experian
Shit mines was 63 points don't no why but I was at 669 now I'm at 606 this is crazy don't no why
Check your credit report. It should let you know why. Thanks for watching, Dave.