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I need some help ASAP my mortgage broker is telling me that because I have paid off a Energy bill that my credit score will go down 30 pts not up?? Is this really possible? does anyone know if this could really happen something saying because its an old dept that now will show paid will count against us and our mortgage stems in the balance I have never heard of such a story as this?? Anyone's help would be SO kind!!
Important question regarding paying something off?
Welcome to the forums!!!
As far as I know, once you start making payments on time, your credit score goes up gradually with time. That’s why I don’t think your credit score will go down because of payment of your energy bill. Always try to make payments on time this is because late payments hurt your credit score by 35%.