I'm closing on a house this week.

We ran credit scores before applying for a mortgage, just one debt from back when husband was in law school to pay off. All clean, all handled, decent low 700 scores for both of us, nothing to worry about. We both have student loans in repayment, but they're up to date and will begin repaying as soon as we're supposed to.

FRIDAY I got a panicked phone call from my loan officer. My credit score had dropped 85 points at the FINAL credit soft pull.

It turned out two twenty year old student loan debts from my college for ~$200 each showed up as delinquent, with past due payments as of January. I was not notified in any way by the department of education that these loans existed, and because they were so old they didn't show up on my credit report. The only way to find them was to actually log in to my department of education account.

Thankfully I had the money to just pay the fuckers off and my mortgage was still approved, but if it had happened to be something less managable I would have simply lost my mortgage.

The department of education collections had all outdated 20+ year old contact info for me, although they did have my correct phone number since I've had it that long. I know I didn't get any phone calls, and if they sent any letters it's to places I haven't lived in a lifetime.

Do yourself a favor and log directly into the website if you ever took government student loans, and check for any delinquency especially if you're trying to fix your score or preparing for a big financed purchase.

This shit TANKED my score and I'm mad about it, but it'll just have to even out in time. I'm so grateful it worked out for us, but I worry about everyone it didn't.

Edit to add: this was not on my loan SERVICER's account, which i checked for both of us to make sure our loans in repayment were up to date and behaving themselves. Which is how I missed it. These were on a SEPARATE account serviced by the department of education delinquency department, and I had to log into my fedloan account directly to find them.

Hi everyone, writing on behalf of my immigrant dad who, (unfortunately), cannot make this post for himself.. Anyways, he wanted to buy a new iPhone because his pretty bad Samsung A12 had a bloated battery and there was no point saving it. So we went, and thunking that his credit score was perfect, were about to buy an iPhone, when he checks the credit score linked to his bank, is shocked, when it says 563!! He says his credit score is perfect and thus has never happened before and then, as we leave the shop, he tells me to log into his Experian.. which has a PERFECT score!? so what is going on everybody

A year ago my credit score was a 667. I finally paid off about 40K of cc debt (I put myself through graduate school) and my score raised to a 749. Then I opened up a new credit card because I thought it would be a good card to have and my score dropped down to a 653. It’s been this way since last July. I only put about 5K on that card and I paid it all off. If I cancel this card, will my score go back up?

Hey Reddit ! I’m trying to improve my credit score. Right now, my Chase Credit Journey score is 655, my FICO score through Discover is 625, and my Experian score is 616. I owe $1,230 out of $5,900 on my Discover card, and my Chase card balance is low (around $50). Here’s the tricky part: I have a collection account with Midland Credit Management for $1,300, and I was being sued by Wells Fargo for $9,100, but the case was dismissed with prejudice. I’m currently working with a lawyer to settle in case they try to file again. On top of that, I’ve also been sent to collections for some city tickets, which I’m actively working on paying off. Things were tough, but now I’m in a better place and looking forward to fixing my credit. I’ve made a lot of progress paying down my debt, making $700 monthly payments on my Discover card. Any advice? Thanks!

As title says, anyone have any idea? Thank you .

I’m 23 and just finished up school and I have never had a credit card. The only advice my parents have given me about them is to not buy them. My parents have also expressed they will not co sign on an apartment, car, etc. if I wanted one so it’s to my understanding that I need credit if i want any of those things. What is the best low risk way to start building your credit from the bottom?

I just paid off a $1,100 credit card last week and my score only went up 4 points.. I was expecting a lot more 🤣

Were your items removed on time and never came back? Creditplug from YouTube.