How do i get free credit report Montgomery

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Please do the appropriate research before participating in any third party offers. Blog Design by Logos For Websites based on the Thesis WordPress Theme. Sitemap | Advertise | Privacy Policy | Which Debt Should You Pay Off First? This article is by staff writer Adam how do i get free credit report Montgomery Baker, whose own blog paid homage to the movie, Fight Club, with the post Tyler Durdens Guide to Personal Finance.

While I generally check my credit report every 4 months or so, the last time I checked my credit score was November 2008. Earlier this week, I checked my credit score again. I was pleasantly surprised to find out it was 730+! Why would I be pleasantly surprised that my credit score has dropped between 5-10 points over the last 16 months? free report credit

Because thats when we stopped playing the credit game.

In early November 2008, Courtney and I not only canceled our credit cards, but also paid off our only non-student installment loan. The following month, we decided to take it a step further and close our final remaining credit card. For the last 15 months, weve lived free of credit cards, other revolving credit, and traditional installment loans.

While this has had an overwhelming positive affect on our financial how do i get free credit report Montgomery life, it was supposed to have a dramatically negative affect on our credit scores.

After all, the following graphic is from myFICOs Whats in your FICO Score?: According how do i get free credit report Montgomery to the graph and the information on the site, we have several strikes against us: To be how do i get free credit report Montgomery fair, we did have several factors working for us: Could my credit score be even higher? Its very possible that even though my credit score hasnt tanked, it could be much higher. federal free credit reports Had I not canceled my credit cards, maybe my score would be 750+ or 760+! Theres no way to know for sure, but canceling my credit cards may have caused my score to stagnate.

Another possibility is that FICOs algorithm may still need more time before it begins to punish my negative behavior. I find this theory less likely, as its been well over a year.

Over time, maybe the how do i get free credit report Montgomery score will slip more dramatically.

On that note, if we keep up our current pace, well eventually cease to have a credit score at all! It can be argued whether this is good how do i get free credit report Montgomery or bad, however youll be hard pressed to convince me that executing our current plan for another 5 years will put us in a bad position financially. So what does this all mean for how do i get free credit report Montgomery you? Its important not to draw any sweeping conclusions from a single example.

I fully expected my credit score to drop more how do i get free credit report Montgomery than a mere 5-10 points, based on the information Ive been reading for the past two years. all free credit report It would be irresponsible to assume canceling your own credit cards would yield a decrease or an increase in your score based on how do i get free credit report Montgomery my results. At the same time, my sample case study has caused me to reevaluate just how much we know about the algorithm used for calculating your credit score.