Free credit report 3 El Paso

The following month, we decided to take it a step further and close our final remaining credit card. For the last 15 months, weve lived free of credit cards, other revolving credit, and traditional installment loans. While this has had an overwhelming positive affect on our financial life, it was supposed to have a dramatically negative affect on our credit scores. After all, the following graphic is from myFICOs Whats in your FICO Score?: According to the graph and the information on the site, we have several strikes against us: To be fair, we did have several factors working for us: Could my credit score be even higher? Its very possible that even though my credit score hasnt tanked, it could be much higher. Had I not canceled my credit cards, maybe my score would be 750+ or 760+! Theres no way to know for sure, but canceling my credit cards may have caused my score to stagnate. Another possibility is that FICOs algorithm may still need more time before it begins to punish my negative behavior. I find this theory less likely, as its been well over a year. Over time, maybe the score will slip more dramatically. credit report id theft On that note, if we keep up our current pace, well eventually cease to have a credit score at all! It can be argued whether this is good or bad, however youll be hard pressed to convince me that executing our current plan for another 5 years will put us free credit report 3 El Paso in a bad position financially. So free credit report 3 El Paso what does this all mean for you? Its important not free credit report 3 El Paso to draw any sweeping conclusions from a single example. I fully expected my credit score to drop more than a mere 5-10 points, based on the information Ive been free credit report 3 El Paso reading for the past two years. how to free credit report

It would be irresponsible to assume canceling your own credit cards free credit report 3 El Paso would yield a decrease or an free credit report 3 El Paso increase in your score based on my results. At the same time, my sample case study has caused me to reevaluate just how much we know about the algorithm used for calculating your credit score. All we have are graphs and lists of potentials factors that may be taken into consideration. The only universal lesson that can be extracted from this is to ensure that an estimated change in your credit score isnt the primary influence on your major financial decisions. Of course, you should have any and all information you can. Im not suggesting we should all ignore the information that is available about the make-up of credit scores. Just be wary of letting it dictate any major financial decisions on its own. A week ago, I considered myself fairly savvy on the topic of credit scores. (Note: Divine Caroline also has some tips on Six Sneaky Factors that Affect your FICO score.) This article is about Credit Cards

I am glad to hear that your credit was not adversly effected by cancelling cards. free credit report maryland I recently cancelled some cards that I was no longer using. I am about to pull my report and I am curious what free credit report 3 El Paso I will see as well. I love reading your blog and your adventures overseas. But with all free credit report 3 El Paso the traveling you guys do, how do you book plane tickets without a credit card? My credit score remained above 800 after I closed my credit cards in 2007.