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June 7, 2021

When it's OK to let your good credit score drop

  • People lose jobs, cars break down and pipes leak. Credit may be your safety net.
  • By BEV O'SHEA
    NerdWallet

    If you've worked hard to achieve and maintain a good credit score, it can be upsetting to see it drop. But “life happens, and sometimes how you react is going to blow back and affect your credit score,” says credit expert John Ulzheimer. People lose jobs, cars break down and pipes leak. Credit may be your safety net.

    Painful as it may be, there are times when taking actions that hurt your score are prudent for your overall finances.


     
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