full-timing and credit rating
Right now, our credit is excellent. But once we sell the house (in a rather desirable zip-code) and live debt-free, i'm worried that it will hurt our credit rating. What affect, if any, has full-...
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"" What affect, if any, has full-timing had on your credit rating? ""
Selling my house & Going fulltime had zero effect on my credit rating. my fico was 820 before going fulltime and is still 820 8 yrs later.
"" We paid off our mortage well before selling the house. Not having a mortage dropped our rating about 20 points, from 820 to 800. ""
Just another example of how credit ratings are unique to each individual. Each time I paid off a mortgage (with a long gap until the next), my credit rating went up, four different times over the years. Now that I haven't had a mortgage in 15 yrs, my credit rating rarely changes from 820.
Selling my house & Going fulltime had zero effect on my credit rating. my fico was 820 before going fulltime and is still 820 8 yrs later.
"" We paid off our mortage well before selling the house. Not having a mortage dropped our rating about 20 points, from 820 to 800. ""
Just another example of how credit ratings are unique to each individual. Each time I paid off a mortgage (with a long gap until the next), my credit rating went up, four different times over the years. Now that I haven't had a mortgage in 15 yrs, my credit rating rarely changes from 820.
