Don't panic if your credit score drops
Your credit score may go down after paying off a loan or credit-card balance. When you pay off an old loan and the account closes, the average age of your active accounts could drop, which has a moderate impact on your credit score. When you pay off a credit-card balance, avoid canceling the credit card all together, because that can also affect the length of your credit history. Ultimately, the long-term benefit of paying off debt outweighs any chance of a temporary hit to your credit score.
Your credit score may go down after paying off a loan or credit-card balance. When you pay off an old loan and the account closes, the average age of your active accounts could drop, which has a moderate impact on your credit score. When you pay off a credit-card balance, avoid canceling the credit card all together, because that can also affect the length of your credit history. Ultimately, the long-term benefit of paying off debt outweighs any chance of a temporary hit to your credit score.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The unique budgeting system that helped this single mom pay off $77,000 in debt“I tried every budgeting method out there,” Kumiko Love says. “Percentage budgeting, calendar budgeting, I tried the cash envelopes ... and every single time at the end of the month I would come up short.”
Leer más »
I Think It’s Finally Acceptable to Be Completely and Totally Obsessed With Brad PittBrad Pitt is the best part of 'Once Upon a Time in Hollywood,' and his single self is now fully ready for stanning.
Leer más »
Simon Miller Just Dropped A 'Grease' Collection, And It's PerfectEarlier this month in Miami, I had the pleasure of catching the Aqualillies, synchronized swimming wonders, perform a routine at the Izipizi
Leer más »
Simon Miller Just Dropped A 'Grease' Collection, And It's PerfectWho else noticed Jules' makeup goes from colorful and hopeful to much darker as the season goes on?
Leer más »
Harry Potter star Miriam Margoyles' clifftop cottage 'used as cocaine drop-off'Actress Miriam Margoyles' clifftop cottage near Dover was at the centre of a sophisticated Class A drug-smuggling operation
Leer más »
School District That Threatened Foster Care Over Lunch Debt Turns Down $22K Donation To Pay It OffA Pennsylvania school district that threatened to put kids in foster care if their lunch debts weren't paid is now turning down donations to cover those debts.
Leer más »