Credit Score Up or Down

Pay all credit bills on time

• Score goes up

• Score goes down

• Doesn't affect score

Max out your credit card to pay for spring break

• Score goes up

• Score goes down

• Doesn't affect score

Apply for 4 additional credit cards in a short amount of time because your one existing card is maxed out

• Score goes up

• Score goes down

• Doesn't affect score

Receive large tax refund and deposit it all to savings account

• Score goes up

• Score goes down

• Doesn't affect score

Use tax refund to pay down maxed out credit card

• Score goes up

• Score goes down

• Doesn't affect score

Graduate college, move from part-time to full-time work, resulting in huge salary increase

• Score goes up

• Score goes down

• Doesn't affect score

Make on-time student loan payments, while also making credit card minimum payments, for entire year

• Score goes up

• Score goes down

• Doesn't affect score

Receive a raise at work and use debt snowball to pay off entire credit card balance in 5 months

• Score goes up

• Score goes down

• Doesn't affect score

Now that credit card debt is gone, you divert the money that WAS going to your credit card to your auto loan instead, paying far more than the bill each month

• Score goes up

• Score goes down

• Doesn't affect score

Tired of manually paying bills every month, you try to set up auto bill pay for your auto loan, but you’ve done something wrong, and it takes you 3 months to realize you haven’t made any payments

• Score goes up

• Score goes down

• Doesn't affect score