I find it very interesting, for lack of a better word, that one can reach the 6th decade of adulthood, be debt free after paying off an auto loan, no mortgage payment(house is paid in full), and your credit score of 823, tanks 43 points.It's become laughable at best. What's the use being enraged? It's a ridiculous, boring game, and this one is done.
Raised my score 160 points in six months from 570 to 730 Had 4 cards with total debt of 1900. Paid that all of at once with stimulus check. Set up each card to auto pay one monthly bill. Accepted a Citibank Double cash back card with a limit of 4,400 which raised my available credit to 6400 (meaning I was much less likely to go over the recommended credit utilization. Disputed two debts I did not know where an issue and they were resolved in a matter of days. Set up my apt. rent for online payment which is tracked by Experian. Yeah, the score hit from getting the new card sucked, but my score is now higher than before that drop in only one month. Patience, and knowing that credit card money isn't real money, will help a lot!
I typically either pay off the balance and or make payments that are triple or more every month. That doesn't help. I've decided the answer is to never use the card again.
did all of that. I just cut it up and threw it away. I don't want multiple cards. I don't want thousands of dollars in credit card debt just to raise my credit score. I've lived for over 30 yrs without a credit card and my score was in the 700's. I've had this one a year and my score immediately dropped to 600. No thank you.
"I don't want thousands of dollars in credit card debt just to raise my credit score."
Debt won't raise your score. But that is a bummer that your score isn't going up. The way the whole credit score thing is setup is very difficult to really understand and take control of.. So much of it is pretty vague 😕
I feel like without corruption and inflation we wouldnt need things like credit or creditors. Like fair wages, save your money oh yea you paid taxes so if you need something from society you get it. But like hospitals and emergency workers get funding from... The state... Their money comes from taxes so when you get charged for a hospital bill or an ambulance ride... Where exactly does THAT money go?
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