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I know it sounds a little goofy but, your credit score is based on your credit history. Once you pay something off your credit history is completed for that particular account so your score drops a little. Having said that, I certainly don't recommend that you keep a lot of bills open just to keep your credit score high. A credit card where you maintain a small balance with most of the credit line available and paying your utilility, phone and rent or house payment on time or a little early will keep your credit score pretty healthy.
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∙ 11y ago
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Does your credit score go down if you are denied a loan?
yes your credit score goes down everytime you apply
Does opening a credit card hurt your credit score?
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
Is a credit score of 510 bad?
It is a mediocre score. As a side note: every time you check your credit, your credit rating goes down. Yes, any score under 600 is considered "bad".
What can you do to help make your credit score strong?
The best pay to improve your credit score is to use your credit card (reasonably), and make your payments every time, on time. Paying for debts such as a loan, car payment, mortgage, and so forth will also improve your credit score. In most cases, the score goes up one point for every on-time payment.
What happens to your net pay if your tax code goes up or down?
It goes up or down corespondingly to your tax code. If Tax goes up, net pay as a percentage of your income goes down. In reality, tax codes only go up when you earn more money therefore although you are paying more in taxes your net pay still goes up.
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 your credit score go down if you are denied a loan?
yes your credit score goes down everytime you apply
What is the accepted value in a game of darts?
Most games start out with a score of 301. Then after hitting certain numbers on the board, your score goes down. The winner is the first one to get their score down to 0.
How does wii sports determine how much you go up or down in bowling?
It determines from what score you got previously and if you got that score again or got close to it or u beat it, if you didn't come close to your score your rank will go down if you get your score or near it goes up and if you beat it it goes up alot.
What happens to job opportunities in low paying jobs when minimum wages goes up?
quantity of labor demand goes down
Does opening a credit card hurt your credit score?
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
Is a credit score of 510 bad?
It is a mediocre score. As a side note: every time you check your credit, your credit rating goes down. Yes, any score under 600 is considered "bad".
What can you do to help make your credit score strong?
The best pay to improve your credit score is to use your credit card (reasonably), and make your payments every time, on time. Paying for debts such as a loan, car payment, mortgage, and so forth will also improve your credit score. In most cases, the score goes up one point for every on-time payment.
What happens to your net pay if your tax code goes up or down?
It goes up or down corespondingly to your tax code. If Tax goes up, net pay as a percentage of your income goes down. In reality, tax codes only go up when you earn more money therefore although you are paying more in taxes your net pay still goes up.
Will paying off or paying down a 2nd mortgage early help to improve an already excellent credit score?
Absolutely. Before you do it, check your contract for possible penalties associated with paying off the balance prior to the due date. If you pay the loan off early and there is no penalty - so much the better. Your credit score goes up and you pay less in interest than you would have had you taken the loan to term. If there is a penalty associated with early pay-off, you may want to compare the amount you would save in interest with the cost of the penalty. Then choose the path that makes the most sense.
Will your score go up in 30 days if you pay down your debts?
Within 30 days of your debt your payment should be reported and your score should go up. It goes up as soon as it is reported.
How are jobs being affected by the economy?
super cool Daniel powers Companies are being forced to lay off employees due to the fact that sales go down. When sales go down, income goes down and the company has to get rid of employees to avoid paying salaries. Companies are being forced to lay off employees due to the fact that sales go down. When sales go down, income goes down and the company has to get rid of employees to avoid paying salaries.
