A Lesson on Credit Scores

You’ve been working diligently to improve your credit scores. After a few months of paying down balances, removing derogatory items like collection accounts or charge-offs your score increase is miniscule.

Even worse, your credit scores start to decrease when derogatory accounts are removed. Well, welcome to the confusing world of credit scoring. 🤦🏾‍♀️

Just know you are not fighting a losing battle. Don’t give up. It’s not you, it’s FICO. FICO groups people with similar credit histories together in Scorecard Buckets. These buckets can be responsible for your credit score not improving and here is why 👇🏾

Want to read more?

Subscribe to www.powerof24.com to keep reading this exclusive post.

Subscribe Now