“Credit Score”

1873 Search Results

1873 Search Results

Why Did My Credit Score Drop When I Was Added as an Authorized User?

Why Did My Credit Score Drop When I Was Added as an Authorized User?

https://www.sofi.com/learn/content/why-did-my-credit-score-drop-when-i-was-added-as-an-authorized-user/

While there are many benefits to being an authorized user on another person’s account, you risk damaging your credit score if the primary cardholder isn’t responsible with the account. Let’s take a look at the pros and cons of being an authorized user and how to prevent a credit score drop after being added to […]


How Does Being an Authorized User Affect Your Credit Score?

How Does Being an Authorized User Affect Your Credit Score?

https://www.sofi.com/learn/content/how-being-an-authorized-user-affects-credit-score/

If you’re new to credit or want to rebuild your credit, becoming an authorized user on another person’s credit card account can help. As an authorized user on a credit card, your credit score can be positively impacted when the account and its activity are managed well and reported to the credit bureaus. The card’s […]


Why Did My Credit Score Drop After Paying Off My Car?

Why Did My Credit Score Drop After Paying Off My Car?

https://www.sofi.com/learn/content/why-did-my-credit-score-drop-after-paying-off-my-car/

Lowering your debt to improve your credit score means that you are considered less of a risk to a lender. And with a higher credit score, you will qualify for better financing terms. However, in some cases, paying off a car loan or other type of financing can have the opposite effect and actually lower […]


Why Did My Credit Score Drop 20 Points for No Reason?

Why Did My Credit Score Drop 20 Points for No Reason?

https://www.sofi.com/learn/content/why-did-my-credit-score-drop-20-points-for-no-reason/

There are several explanations for why your credit score might fluctuate by a few points now and then. But if you’ve noticed that your score is down by as many as 20 points, and you can’t think of any reason for this dramatic drop, it’s a good idea to do some checking ASAP. This can […]


Why Did My Credit Score Drop 100 Points for No Reason?

Why Did My Credit Score Drop 100 Points for No Reason?

https://www.sofi.com/learn/content/why-did-my-credit-score-drop-100-points-for-no-reason/

Credit scores measure your financial health at a given point in time. Ideally, your score increases as you build your credit history, so a sudden decline can leave you wondering why. Several things can cause a credit score to fall 100 points (or more), and late payments are often at the top of the list. […]


1 10 11 12 13 14 375
TLS 1.2 Encrypted
Equal Housing Lender