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โˆ™ 2006-08-17 15:45:53
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Q: Does your credit score drop after cosigning on a loan due to the amount of the loan?
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How many points will a fico score drop for a charge off?

There is no direct amount of points that your score will drop. It is all based on your previous credit rating, the timeframe of last negative mark on your credit, the amount of time since charge off, and the amount of credit you have and how its has been handled.


Will your credit score drop if you close a zero balance credit card that has been open for only four months?

There are many factors in credit scoring. Closing an account should not make it drop in score. Especially if it is a small amount of credit available.


Does receiving credit drop your credit score?

Not by receiving credit. However, when a number of organizations keep looking into your credit, it does lower the score slightly.


How much does it drop your credit to pull a credit score?

It doesn't affect it at all.


Does your credit score drop at a certain age?

credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.


Does inquires on your credit score make your score drop?

Yes the credit card companies suspect that you suspect you think your score is bad therefore making it bad.


Is it legal if your credit score dropped from a 530 to a 478 and there is not any new information on your credit report?

Yes. Your length of credit history alone can affect your credit score. Yes. A drop in your credit score does not indicate anything illegal.


Does your credit score drop if multiple lenders check into your credit at once?

No, but it will if any of them decide not to lend to you.


How many points does your credit score drop after a collection?

While there's no definitive answer with respect to how many points your credit score may drop after a collection, a collection account is a clear indication that a loan, credit card or retail card was not repaid and payment history is one major contributing factor to your credit score. This can have a negative impact on your credit score.


How many points does your credit score go down if you miss a mortgage payment?

A recent late payment can drop your credit score about 60 points.


I was discharged from a bankruptcy in 2003 when will it drop off your credit score?

10 years


If I don't use my credit card for a long time and the credit card complany decides to close my account will that look bad on my credit report?

It will remove the available amount of credit from your total sum of available credit. Chances are if it was only a very small amount(like a $1,000.00 or less) it won't make a difference. However if it was a larger amount that will reduce your available credit ratio/vs debt, that could drop your score. Check out EQUIFAX.com for an educated info on most or all credit score etc questions.

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