This post originally appeared November 3, 2016 on CreditCards.com as “How to restore your good credit score to great”
By Barry Paperno
Dear Speaking of Credit,
Hi. I had a credit score of 789 back in July, but now it’s down to 746. I just ran my credit report from Experian, and the only thing that’s not very good is the length of my credit history. I did pay off my student loan debt a few months ago (this is one of the three accounts showing “closed”), which correlates to when my score started going down. The other two accounts are a MasterCard that I closed right away and another duplicate of my student loan for some reason. What can I do to get my credit score back up? Thanks in advance for your help. – Katherine
If it makes you feel any better, despite the 43-point drop, a 749 score is actually quite good. For instance, a 740+ score will get you approved for most credit at good rates. Still, I get that 749 is not 789, and don’t blame you for being concerned.