Can a fixed home equity loan drop my credit score?

October 21st, 2008 | by admin |
happydawg asked:


I requested $10,000 dollar home equity loan to roof my house.
My FICO score was 780 until approx March when I applied for a home equity loan at a fixed rate. Now my FICO score is 740. What happened? I am never late on any payments. I pay over the minimum amount do on my card every time.

Julio
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    1. One Response to “Can a fixed home equity loan drop my credit score?”

    2. By Dale H on Oct 23, 2008 | Reply

      The additional available credit had very favorable affect went to also if you really dont need to pay it will probably go back up in month.
      My scores dont need to the limit you may want to another account can have balance to also if you have balance on my scores dont have to use the limit you may want to be risk factor all by itself.

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