The CFPB says, “Outstanding student loan debt has now crossed the $1 trillion mark. Student loans have eclipsed credit cards as the leading source of U.S. household debt outside of mortgages. This is a major issue for students, recent graduates, and their families”.
Mortgage rates are caught in a balancing act between all-time lows and meaningfully higher levels this holiday season. Economic data released over the past few weeks suggest that rates should be heading higher, yet the uncertainty that surrounds the fiscal negotiations in Washington and its impact…
Upgrade My Credit http://upgrademycredit.com Blair Warner 817-886-0302 ext.3
I am so frustrated. At the start of the year, my credit score was 780+. I maxed out my cards back in February with Rich Dad training and various mentor programs. In July, I paid off $20k of the debt. Shortly after I paid off the $20k, three credit card companies lowered my limit from $5000 to an average $1000, so I’m sure that hurt my credit further by increasing my card utilization back up above 90%. I have no foreclosures or bankruptcies and I have over 10 yrs of positive payment history, yet now my score is below 590. Is this large of a drop possible?
Attached are the Experian report and the CreditScore.com trimerge report. Hope it sheds some light.
Thanks for taking a look!
I will address some the the issues in this situation in other posts. Stay tuned.
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