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Although the impact of a mortgage refinance on your credit score is usually temporary, you probably want to take steps to avoid the drop as much as possible. Fortunately, there are ways you can ...
Your credit score can take 30 to 60 days to improve after paying off revolving debt. Your score could also drop because of changes to your credit mix and the age of accounts you leave open.
When you get a mortgage to buy a home — and as you pay it down over time — there will be some negative impact on your credit score: You’ve just assumed a huge debt, after all.
While paying your bills on time and maintaining a low balance are well-known ways to help you maintain your credit score, it's less clear how refinancing your mortgage or loan affects your score ...
When you pay off debt, it seems like a given that your credit score will go up. After all, credit scores are supposed to show your ability to manage debt responsibly. But sometimes the opposite ...
Here are the 10 major reasons your credit score may drop suddenly. You Paid Off a Loan ... To Pay Off Your Credit Card Debt? You Missed a Payment. ... and taking out a home mortgage. After all ...
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