ilmscore | Credit Score Impact Predictions
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Credit Score Impact

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Recent Predictions

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Canceling a credit card can result in a significant drop in credit score, specifically around 45 points.
"did you just cancel a credit card well now your credit score just dropped 45 points"
Minority Mindset Minority Mindse...
Jul 18, 2024
Pending
Why You’re Still Poo...
A good credit score can save individuals over $41,000, highlighting its significant financial importance.
"having a good credit score could save you more than forty one thousand dollars just promise me that ..."
Graham Stephan Graham Stephan
Feb 8, 2023
Pending
The 6 Money Mistakes...
Closing old credit accounts can negatively impact the average age of credit history, which is a factor in credit score calculation.
"Because your credit score is calculated by the average age of your account history, that often start..."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...
A missed payment on a credit account will remain on a credit report for seven years and will have a significantly negative impact on the credit score.
"Because if you do, that stays on your report for 7 years and it has a pretty devastating impact."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...
Credit scoring algorithms focus on the percentage of available credit used (utilization rate) rather than the absolute dollar amount owed.
"And when it comes to this, it's really important to clarify that it's not the dollar amount that the..."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...
To positively impact credit score, begin building credit early and maintain open accounts for an extended duration.
"So my recommendation is to start building your credit as soon as possible, but also keeping those ac..."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...
While small collection amounts (under $100) may not appear on the latest FICO scores, it's still advisable to address them to maintain credit health.
"Typically collections under $100 do not show up on the latest FICO scoring method, but this is still..."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...
Buy Now Pay Later (BNPL) services are being reported on credit reports and can impact credit scores, suggesting that using them for large purchases might not be as beneficial as initially perceived.
"The popularity of the buy now pay later platforms are showing up on your report as well. So, if you ..."
Graham Stephan Graham Stephan
Mar 21, 2022
Pending
How To Get A PERFECT...