• phdepressed@sh.itjust.works
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    6 days ago

    A 50pt fluctuation is wild, like honestly you should look into why. Getting a mortgage didn’t affect my score by 50pts…

    The -20 probably assumes you’re still making the loan payments.

    • CaptDust@sh.itjust.works
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      6 days ago

      So I checked my history and you’re right, over the last 2 years the wildest swings I’ve had have been ±20, but I also haven’t spent wildly on the cards like I used to, not exceeding 50% utilized in this timeframe.

      But I think a mortage being a secured loan probably reduces impact too.

      (I’m not a banker or finance person, just someone who’s watched their score rollercoaster on apps in my less responsible youth lol)