Why did my credit score drop after I paid off my car?

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1. How many points does your credit score drop when you buy a car? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE We’ve got the answers. Your score dropped after buying a car due to hard inquiries. Each credit report the auto loan lender pull adds 1 new hard inquiry, and each hard inquiry lowers your score up to 10...
2. What is the difference between an insurance score and a credit score? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE A credit score and insurance score may seem the same, but a credit score is used to show lenders how likely you are to repay your debt. An insurance score is used to show insurance providers how likely...
3. Does a car accident affect your credit score? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Is it Possible for an Accident to Hurt Your Credit Score? Getting straight to the point: yes. It is possible for a car accident to do a little damage to your credit score. It is not uncommon for...
4. Is 678 a good credit score to buy a house? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE If your credit score is a 678 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. There are many mortgage...
5. Is 777 a good credit score? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 777 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from...
6. Is a 900 credit score good? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE A credit score of 900 is either not possible or not very relevant. … On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really...