What is your credit score?
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Anonymous
Yes, it can because your credit utilization ratio goes up. You can game this by, for ex., paying the balance early, e.g. just before the date of a FICO score. I've done this to see what happens with my quarterly monitoring and if I pay down the balance so that it's low/close to zero on the date of the score, the score can go up as much as 10-15 points. Credit utilization ratio is why cancelling a card, especially long-held, can lower your score. It results in a higher utilization ratio for your remaining cumulative credit lines. |
Anonymous
lol, you are upset that your credit card company knows details about your credit. None of their business? It is their PRIMARY BUSINESS. 
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Anonymous
| 835 |
Anonymous
Yeah, I wasn't able to get my score into the 800s until I took out a much larger home loan than I could afford. Credit scores are not rewards for smart financial behavior, they're just bets about whether you'll somehow send in your check every month. |
Anonymous
| 767, I feel like it's dropping! |
Anonymous
| Credit score can be meaningless. If you don't incur debt and have lots of money you may have a lower credit score than a person with debt and much lower savings.... |
Anonymous
My credit score got dinged pretty badly when I tore up all my credit cards and paid off my car. Why is that? I had to reopen a card. |
Anonymous
You need a low debt to debt limit ratio and you made your debt limit plummet. You might have also tore up your oldest card, which hurts your score. The ideal is a small number of high limit cards that you 'vr had for a long time, each if which having a tiny balance on them that you pay regularly. |
Anonymous
The system is messed up ... for example, I travel a lot for work - internationally - but my company doesn't have a corporate card, so we all pay for travel out of pocket then get reimbursed. My old job, at which I was making far less money, had a corporate card. When I switched to the new gig, all of a sudden my "credit utilization ratio" jumped because I was carrying more credit usage per month than previously, even though it was paid off in full every month. |
Anonymous
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670.
Never been late, short-ish credit history of 7 years, but too much credit util thanks to limits being slashed after I reported cards stolen. Slowly paying it off & watching it bounce back. |
Anonymous
| According to credit Karma I have a Vantage score of 785 which is driving me crazy because I pay off my credit cards in full every month and have never been late for anything (I am 41). They say my score is low b/c I am not utilizing my credit cards enough and my credit history is not long enough. I find the credit history thing odd because I got my first CC at 18 and I have had a mortgage for 11+ years. |
Anonymous
Unfortunately, I got you all beat. 480-510 here. So sad. Not really sure how to get out from under this cloud. Everytime I start making progress, something else happens. |
Anonymous
I knew it. It's all a racket. |
Anonymous
You can do it. I was in the 400s a few years ago and now I'm up to 650. Most people would sneer at this score, but I'm incredibly proud of myself. Mine was low due to student loan and medical debt that I was unable to pay. |
Anonymous
| 728 only, but not buying anything big any time soon. |