Credit rating troubles

[Santa]

Is there a reason he is worried? IE looking to take out a loan and wants a better rate? Or is he just upset his rate dropped.

If the latter, forget about it and let it come back up. If the former let me know and I will ask my sister best practices. She's worked for Fair Isaac for 25 ish years.

 

[Mikel]

Is there a reason he is worried? IE looking to take out a loan and wants a better rate? Or is he just upset his rate dropped.

If the latter, forget about it and let it come back up. If the former let me know and I will ask my sister best practices. She's worked for Fair Isaac for 25 ish years.

He was looking to get a HELOC. Much appreciated.

 

[cj3a]

I've always gotten a letter when my payment changes. Around middle of February they let me know what, if any changes to the payment are coming and what the reason is. Have the choice to make one large payment for that and keep the current monthly. Or, not pay and spread it out over the next 12 months.

Same with me when we had a home loan. Taxes went up and they wanted enough escrow to cover the increase. I could see this happening with an auto pay plan.