Talk of The Villages Florida - View Single Post - FYI when using Yamaha Finance
Thread: FYI when using Yamaha Finance
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Old 05-11-2021, 06:31 AM
noslices1 noslices1 is offline
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Default Credit score drop
Quote:
Originally Posted by retiredguy123 View Post
I don't get it. First of all, 10 points is almost nothing. How do you know it was the new card that caused your score to go down? Credit scoring is top secret, and often not logical. Did your score go up when you paid off the card? Do you need to make monthly payments on the card? If not, why would they issue you a credit card that you cannot buy anything with?
I have great credit. It was 833 and I bought a new car with 6 year financing. After I paid it off in 18 months my score dropped 10 points. I paid it off too fast according the the credit bureau. What’s up with that?