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That's crazy. I just got a tempurpedic for my back (had back surgery 2 months ago), and they did a hard pull of my score, and I dropped from 700 to 680s. But now I have one credit card, one car loan, and one bed loan. Put a 1000 down and have 2 years to pay off 4000.
I paid off a student loan (account closed) and my credit score dropped by 12 points... .
They'd rather you be indebted than free...
...
Same thing happened to me with my car loan. It's because your student loan is considered an installment loan. It's different from credit cards. When you have different types of credit it helps your score. Now that you paid it off and you don't have that account anymore, the only type of credit you probably have is revolving credit which is your credit cards.
It's stupid that you lose points for it but it will bounce back in the next month or two.
How do you get your Credit score up to upper 700s?
time and amount of available credit you have. Also obviously making your payments on time each month