Why Did My Credit Score Drop?


what what what happened yup my credit
score just went down by 17 points what happened hey guys how’s it going if this
is your first time here welcome my name is Paul with sunset realty subscribe
and hit that Bell notification so don’t miss any of our next videos let’s go so I
got this email from a mortgage company last month informing me that my mortgage will be transferred starting September 1st to a new servicing company or new
mortgage company pretty typical stuff nothing crazy this is common practice so
fast forward three weeks later I got an alert for my credit so when I logged
in to check my credit drops 17 points so what happened so Quicken Loans my
previous mortgage company reported my account as a closed account and
automatically my credits go down 17 points so what should you do if that
happens to you well pretty much you don’t have to do anything when your new
mortgage company get reported you should get all your points back which is what
just happened couple days ago the new mortgage company got reported and my credit back up to where it was before so as you can see 17
points drop just because an account is reported closed that’s why we advise you
not to close your unused accounts playlist link will be down in the description on
on how to improve your credit or how to build your credit from scratch and why not to close your unused accounts as always guys thank you for watching a thumbs up is
really really appreciated and please subscribe so you don’t miss any of our next videos
peace as always guys as always guys thank you for watching as always guys
thank you for what as always guys thank you for watching

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