1853 Search Results
1853 Search Results
https://www.sofi.com/learn/content/why-did-my-credit-score-drop-30-points-for-no-reason/
While some fluctuations in your credit score are normal, that may not be much comfort if yours drops by 30 points. Take a deep breath, and remember that there are several possible reasons for a dip. Perhaps a few of your loan payments have been late, or you’ve recently had to charge a lot on […]
https://www.sofi.com/learn/content/does-paying-off-a-debt-increase-credit-score/
Whether you’re thinking about paying off a debt or mulling over how to increase your credit score — or both — it’s reasonable to ask if paying off debt helps your credit rating. The answer, though, is more complex than a simple yes or no. Let’s unpack how paying off a debt can either raise […]
https://www.sofi.com/learn/content/does-opening-a-checking-or-savings-account-affect-credit-score/
In most cases, opening a checking or savings account is not reported to the major credit reporting bureaus and will not have an impact on your credit score. The same holds true for normal bank transactions and account balances. That said, there may be some cases when a bank will perform what is known as […]
https://www.sofi.com/learn/content/why-did-my-credit-score-drop-60-points-for-no-reason/
Seeing a significant dip in your credit score can be disheartening, especially if it’s taken a 60-point plunge. But keep in mind there are many explanations for a drop, including changes to your mix of credit, the age of your accounts, credit utilization, or payment history. Or it could be due to an error in […]
https://www.sofi.com/learn/content/why-did-my-credit-score-drop-70-points-for-no-reason/
Seeing your credit score fall by 70 points without warning can be alarming. But there are a number of reasons for a dip, including late or missed payments or changes in your credit mix. Keep reading to learn about what causes a credit score to drop and what you can do to help boost your […]
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