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Credit score - sudden drop in single month
Hi,
I’ve been trying to understand how the math works. From June to July, my score dropped in excess of 100 pts from the high 700’s and the only drastic change I can think of is my recent Refi of mortgage from 4% to 3.5%. I think it’s quite disturbing if that’s how the system is designed. To penalize survey investors/borrowers who are only trying to maximize the prevailing favorable market conditions. Thoughts? I’m still perplexed!
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August 8, 2020
10:15 AM