Por qué te baja el puntaje? #myripiazza

After addressing your debt, it's common to question why your credit score might drop, especially post-debt repayment. This can occur due to several factors. Firstly, the credit utilization ratio, which accounts for 30% of your score, may shift unfavorably if you close accounts or reduce credit limits after paying off debts. Additionally, paying off loans can alter your credit mix, reducing the diversity of your credit accounts, which is also a factor in your score. Moreover, if you're recently discharged loans, it might be perceived as a risk factor by creditors, as it indicates a change in your credit behavior. Late payments or missed payments earlier in your credit history can still negatively impact your score too. It's essential to maintain old accounts active, even after paying debts, to ensure a healthy credit history – keeping a low balance on revolving accounts helps too. By understanding these dynamics, you can take proactive steps toward rebuilding and maintaining a good credit score.