Online credit check San Diego

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 online credit check San Diego 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 to convince me that executing our current plan for another 5 years will put us in a bad position financially. So what does this all mean for you? Its important online credit check San Diego not to draw any sweeping conclusions from a single example. order a credit report online

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. All we online credit check San Diego have are graphs and lists of potentials factors that may be taken into consideration. all 3 credit reports The only online credit check San Diego 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 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 online credit check San Diego own. A week ago, I considered myself fairly savvy on the topic of credit scores.

(Note: Divine 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. free credit report contact number I recently cancelled some cards that I was no longer using.

I am about to pull my report and I am curious what online credit check San Diego I will see as well.