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”.
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Upgrade My Credit http://upgrademycredit.com Blair Warner 817-886-0302 ext.3
Hey Blair,
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.
Check us out at http://upgrademycredit.com or call 1-888-586-2261