My credit score dropped 23 points!

Veronica said:
All my bills but the utilities go on the cards. I live by myself. If I croak and dont pay them maybe they will send someone to check.
I have auto deposit so I could be mummified before anybody noticed otherwise.
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Same! I do text my kids regularly so hopefully they would notice something is amiss. I probably need to tell them if I don’t respond in X amount of time, please stop by and check.
 

I paid off all our credit cards probably 20 years ago. The last time I checked my credit score was probably 15 years ago, and it was in the 840s. I wonder what it is now. Does anyone have a reputable and safe site where I can check?
 
Who sets these credit scores. Both Canadian companies have exactly the same score.
 

Dave03 said:
I paid off all our credit cards probably 20 years ago. The last time I checked my credit score was probably 15 years ago, and it was in the 840s. I wonder what it is now. Does anyone have a reputable and safe site where I can check?
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Check your bank online. Sometimes they provide it for free and it’s not considered as a search.
 
For long time, years had no cc we both worked and saved so much from our checks. Paid cash for everything. Then after I retired got a cc for emergency's. We each have a cc no balances. Oh then the Amazon card I never use. Bottom line is, we have no real debt and that is good, as we barley make it on SS. But our cards are free In case of a emergency. Such as the washing machine..its life span is narrowing. Truck issues..the card. Ever so often charge something then pay off.
I have all credit agencies on Freeze so no one can try and open credit line. Works fer us ;)
 
Zero debt, one cash back credit card, two bank debit cards. Score fluctuates between 815 & 795. Long ago put credit card in my wife's name so she would not have a problem buying a need or want that could be high cost. Cash back has worked in our favor over the years. Buy a high cost "want" item when a sale price is in effect, pay the charge in full so no interest is paid.
 
I charge most of my monthly bills that I would normally pay from checking.
For example I put my water bill on my cc. Then I pay off the cc.
I get cash back and this keeps the cc active. This way you dont have to "use" your cc to keep it active.
And you have "available" credit which helps your credit score.
 
You can open more credit cards or raise your credit limit on the cards you already have. The more credit you have(and in good standing), the higher your credit score will be.
 
Credit score is a smoke and mirrors ruse used to justify interest rates charged. Its not unlike Kelly Blue Book that is a price fixing tool.
Credit score is also used to encourage borrowing.
Borrow money and it goes up. Stay debt free and it goes down.
 
After various hacking incidents last year, I got free credit score monitoring, so from that I discovered that my credit scores go up and down all the time. Apparently the higher your credit limits on your cards then the better the score, but the more you use up your limits buying stuff then the score drops, but pops back up after the CC bill is paid.
 
Our house is paid for, cars are all paid off, monthly credit card balance is always paid off, credit score drops by 22 points. shrug.gif

Credit card companies and credit reporting agencies are not your friends.
 
Buy on credit and pay the minimum due fee, interest fees will continue for life.

I will consider leasing electric vehicle when the State makes it a law to buy EV's.
Of course, that law, its against the Constitution.

No way I want to pay reclaim fees of junk Lithium batterers of that size.
Credit cards that offer rewards, sell you off to other Card Companies.
they buy believing they will get your rewards eventually.
 
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High credit score matters only if you intend to get a loan or certain credit cards. For older people who are winding down their financial journeys, the credit score doesn't matter much.
 

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