Wouldn’t scores fall earlier than that as more people utilized their credit lines and their credit: debt ratio changed? I’m sure the impact is much less than missing payments, but I think that would be an important thing to monitor for trends
Wouldn’t scores fall earlier than that as more people utilized their credit lines and their credit: debt ratio changed?
Assuming lots of people are sitting on lines of credit they’re not using, I suppose. But unless you’re nearing your max your credit score actually goes up if you’re regularly making payments on outstanding debt.
Wouldn’t scores fall earlier than that as more people utilized their credit lines and their credit: debt ratio changed? I’m sure the impact is much less than missing payments, but I think that would be an important thing to monitor for trends
Assuming lots of people are sitting on lines of credit they’re not using, I suppose. But unless you’re nearing your max your credit score actually goes up if you’re regularly making payments on outstanding debt.