[ChuckyTheGoat]

And I'll preface this by saying that this may sound like a dumb question.

OK, my credit score has been strong for some time. Discount a few late payments when I was young. About 8 years ago, I missed one payment when I was travelling. It stayed on my record for 7 years. That was my only blemish, my credit score was well above average.

I'm not a threat to stiff, as proven by my history of paying. I don't miss the Minimum payment ever (any more). I rarely pay Interest charge. I don't use credit too much. My % use of available credit is pretty low.

Here's where things changed for me (recently). I accumulated multiple bills (for various reasons) in the same month. I paid well over the Min Payment but knew I couldn't pay the full amount without redeeming some of my retirement funds.

Funny thing, my new credit score shows that my # SKY-ROCKETED. I gained +37 points. I have to imagine that's tied to me accumulating an Interest charge (for first time in a while). Long story short, is Credit Score a mis-nomer? They want to know you won't stiff...but they also want to know they can make some $$ off your account.

[TheMoneyShot]

So you believe you gained +37 points on your score because you accumulated an interest charge? Has no bearing on it. I would try and examine another reason why you gained.... which is a good thing. I'm pretty educated when it comes to credit scores.

[TheMoneyShot]

Only time a credit score increases rapidly... one of the following...

1. You paid off a substantial amount on a credit card.

2. A derogatory remark was finally removed from your history.

3. You were recently added as an authorized user to someone else's account on a high limit credit card and that said individual has no balance on that card.

[ChuckyTheGoat]

Only time a credit score increases rapidly... one of the following...

1. You paid off a substantial amount on a credit card.

2. A derogatory remark was finally removed from your history.

3. You were recently added as an authorized user to someone else's account on a high limit credit card and that said individual has no balance on that card.

Thanks, Shot. Maybe it's Item #1. My balances generally stay pretty low. This time it got higher (than average)...and I did in fact make a significant $$ payment.

[OldBill]

yup fixing my credit score right now it's horrible quite a few things on there no longer have accounts with

[TheMoneyShot]

Thanks, Shot. Maybe it's Item #1. My balances generally stay pretty low. This time it got higher (than average)...and I did in fact make a significant $$ payment.

Happy to hear your score jumped! Keep it going!

[ChuckyTheGoat]

Happy to hear your score jumped! Keep it going!

Thanks, Shot. Think this can only be a good thing.