Hey all, I wanna speak about one thing that has been sort of behind my head for some time. When COVID hit, I deleveraged myself from numerous positions and made a killing within the inventory market. I used to be left with virtually 20k price of money after taxes. I used this to repay my 2016 Q5 and the remaining put into safer market performs and purchased some I bonds with free money.
So I do not want credit score, do not actually care about my rating. I stay in a home I lease from a member of the family for about half of the market fee of lease, needn’t go away right here for years and will not must. What’s driving me loopy is that my rating continues to be 681 and my rating dropped beneath 600 at one level.
I believe I’ve a grasp of credit score, I have been accountable my complete life. By no means missed a fee, by no means over 20% utilization, ~10 bank cards with historical past so far as 7 years, common of about 4, latest one is 2.9 months previous. The one factor I did was repay a automobile mortgage as a result of the curiosity was 3.75. I noticed the drop and was like “Wow!” however moved on as a result of it is not likely an enormous deal.
Now, it is a yr later, and my rating is 681. I am not mad however what sort of BS system is that this? How can somebody actually virtually have an ideal document however have this low of a rating? Was this simply one thing everybody received hit with when COVID began?
Different issues I am pondering, I at the moment am holding a 14,000 stability on my citi premier card, 0% APR for 18 months that began in January of this yr for 3% upfront. I did not must open a brand new card simply a suggestion on a stability switch card citi despatched me. So I am hovering very shut to twenty% complete utilization however not previous it but or insane for my earnings.