Between Feb 2020 April of 2021 I paid off my remaining student loan debt ($71k). My score ranged from an 790-810 before doing so and recently dropped to a 755 after doing so.
My guess is that 40+ open accounts technically closed out after paying them off. My first thought to fix this was to open more credit cards, etc. to offset that.
I'm planning on buying a house in a competitive sellers market in 6-months and would like to be able to plan for an 800+ FICO score when getting approved for a home loan to take advantage of the lowest interest rate. Curious if anyone has any insight here that would help.
Submitted May 09, 2021 at 03:06AM by loganalytics https://ift.tt/3bf0j5r
