My Credit Score Dropped 25 points!
By Mrs Money on December 5, 2008 – 8:37 pm -
I received an email the other day from Wamu/Chase informing me that my FICO credit score had changed 20 points. I logged in to their website to see what had happened. It is down 25 points! The only things that I can think of are that I applied for that auto loan a couple months ago. It’s either that or because Wamu closed my card the other day. I have no idea. Those are the only two things I can think of.
I’m not that upset about it because it’s still 809, but the point is it was 834 and I worked my butt off to get it there! I’m just bummed. Just for the records, here’s the history of my credit score (keep in mind I’m 25):
12/07- 781
1/08- 781
2/08-810
3/08-801
4/08-801
5/08-801
6/08-803
7/08-814
8/08-834
9/08-820
10/08-834
11/08-809
Am I being too crazy about my credit score?
Posted in Credit Cards | 4 Comments »
December 6th, 2008 at 4:10 pm
Are you being too crazy? Maybe a little.
One thing that stinks about having such a good score is that it can only go down from there. 809 is going to get you just as good of a rate as 834 would have. I wouldn’t worry.
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December 6th, 2008 at 6:54 pm
As long as you are somewhere in the top tier of credit it doesn’t matter if your score is 800 or 850, they treat you the same. So don’t worry too much. I believe the two things you mention could trigger a 25 point drop, especially if the card was a big part of your credit history.
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December 7th, 2008 at 12:15 am
Yes, lol! I agree, don’t worry too much.
Unless you’re looking to take out a mortgage in the near future, does it really matter what your score is?
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December 7th, 2008 at 11:21 am
Ashley- haha. Thanks for being honest! I have a tendency to go overboard sometimes.
Miss M- Isn’t that crazy? I’m happy my credit score is above 800.
Kacie- We’re thinking about refinancing if rates go lower. I don’t think that it would make that much of a difference for my credit score to be 809. I think lenders would be happy with that. I should be content with what I have.
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