Credit Repair

HUGE Changes to Credit Score | Will Your Score Drop?!


HUGE Changes to Credit Score | Will Your Score Drop?! – Latest News Today

Huge changes are coming to your credit score with the new FICO 10 credit scoring system. [ Blog Post ] Learn more about Sebby’s Card Picks:
Click “Show More” to see Ad Disclosure
Try Plastiq and get $500 in fee-free dollars after you spend $500 (referral link):
📈 Get 2 Free Stocks on WeBull when you deposit $100:
Keep your cards organized: Filmed on this:

Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available


📈 Investing Apps:

Get 2 Free Stocks on WeBull when you deposit $100:
Invest for Free with M1 Finance:

Frequently asked questions about camera:

Camera Gear:
Lav mic:
Bendy Tripod:
You’ll need this for the bendy tripod:
Music I use in videos:

Useful stuff:
Global Wifi Hotspot:
Best headphones for travel:
Card organizer:
Need new luggage? Get $20 off your first Away luggage (referral link):
Promo automatically applied at checkout after you create an account.

Support our channel by shopping on Amazon!


Follow us for updates:
YouTube Subscribe:
Mandy’s YouTube:
Mandy’s Instagram:

Thanks for watching the HUGE Changes to Credit Score | Will Your Score Drop?! video!

Watch the HUGE Changes to Credit Score | Will Your Score Drop?! video on Youtube


Robert Dunfee


  1. Bryne Lanham
    July 22, 2021 at 7:51 am

    No offense but people have to live off/around cards in many instances. Not many can pay off every month. Now they find another way to screw us….even if we always pay our bills.

  2. dekonfrost7
    July 22, 2021 at 7:51 am

    Between fico and biden credit system is gonna fuck everything up

  3. Kevin Perez
    July 22, 2021 at 7:51 am


  4. Boof_That_Jawn
    July 22, 2021 at 7:51 am

    I pay all of my cards every two weeks when I get paid

  5. Whitney F
    July 22, 2021 at 7:51 am

    you should do a follow up video on how coronavirus affected this. because it obviously did

  6. Miguel Litho Rodriguez
    July 22, 2021 at 7:51 am

    I did this, leaving 1$ on my account after closing statement and my fico score dropped 12 points

  7. annie lin
    July 22, 2021 at 7:51 am

    It is good thing I checked with the 3 credit bureaus; they made a huge mistake on my credit report and I filed the dispute with them. Crazy it is always something with them.

  8. Charles Anderson
    July 22, 2021 at 7:51 am

    I disagree with you on one thing. I pay my balances off every month before the statement closing date. I usually let 2 cards with low balances go till the due date, this way my utilization has never been above 5% in years.

  9. Jenny Chan
    July 22, 2021 at 7:51 am

    FICO 10 is fair, to the responsible.

  10. Stefanie Phillips
    July 22, 2021 at 7:51 am

    I think it's very unfair, I worked hard for my previous score smh.

  11. Stefanie Phillips
    July 22, 2021 at 7:51 am

    Oh my, my credit went from 686 to 525 smh. I been paying my rent & bills on time, and all. My fiancé, and I were only late on his car that I cosigned for years ago, and within the last month, and a half, 2 months is when the drop happened. I will continue to pay things on time, but do you know of other ways to build your credit, without an actual credit card? Thank you very much.

  12. Vicktoria Solomon
    July 22, 2021 at 7:51 am

    My score just went from a 736 to 653 in one month. I checked all 3 of my reports and there are no past due payments, collections, student loans. I think it’s because of the new FICO 10 system

  13. Quick Dubbs
    July 22, 2021 at 7:51 am

    I agree Sebby🤝

  14. Quick Dubbs
    July 22, 2021 at 7:51 am

    Mine just did. Thirty 2 points due 2 closing an account 💯. I'm learning, 2 be careful, about the credit 💳 I want in my name.

  15. eomarglz
    July 22, 2021 at 7:51 am

    I noticed an increase in my score the last year (2019) by prepaying my cards just as you said. In my experience I own a Gold Charge AMEX card in Mexico (not business or corporate just personal) what I have notcied is that they like that you use a lot your card and pay, as soon as possible, this is the main reason why they create all this perks.

  16. kravenofspider
    July 22, 2021 at 7:51 am

    Thanks for the heads up Sebby!

  17. Gilly 1
    July 22, 2021 at 7:51 am

    The fair credit reporting act…. Down the toilet!

    July 22, 2021 at 7:51 am

    Why did my credit score jump up 60 points today??

  19. DennisK
    July 22, 2021 at 7:51 am

    Well that sucks for anyone who for example just started watching videos like yours and finally got their stuff together. So it can show a 700+ but months ago it was way lower and they’ll just use that against you. Something tells me if you’re at a 650 but for the past 2 years you were 700+, only in that scenario will they only consider your latest score 😂

  20. Carlos Velazquez
    July 22, 2021 at 7:51 am

    Bad postings(late payments) remaing for 7 years after that they must be deleted. How are they going to use the credit score from 2 years ago that might have bad information at that time. That will be againtst the law because they are still using information over 7 years.

  21. Jesus Garza
    July 22, 2021 at 7:51 am

    I just paid off all my debt and my credit score which already is hurting dropped from 616-884!

  22. Nikki Hoffman
    July 22, 2021 at 7:51 am

    Sebby – love your channel. I’ve learned a lot. To clarify, are personal loans factored into credit scores today? Will personal loans be factored in with FICO 10’s upcoming algorithm changes?

  23. Kristiyan Rukov
    July 22, 2021 at 7:51 am

    "the rich are getting richer" , you mean the people who are seen as less of a risk are seen as less of a risk ? Sound logical don`t it ?

  24. Colombuenas Instagram
    July 22, 2021 at 7:51 am

    You’re one of the first channels I watched on YouTube . Learned a lot from here . Credit is way better but this stuff is always complicated. Wish I could dm u a question but I don’t have IG . Just @ u on Twitter . My question is a 20 sec read . Any advice or answer would help a ton

  25. laila kassem
    July 22, 2021 at 7:51 am

    Yes…mines dropped on CK and I'm mad as hell, same score good on Experian.

  26. JA TL
    July 22, 2021 at 7:51 am

    Thanks for the info🙏🙏🙏

  27. Cory
    July 22, 2021 at 7:51 am

    Mine dropped 16 points last month with no changes to anything whatsoever and no new inquiries.

  28. Jared Braun
    July 22, 2021 at 7:51 am

    I find our credit system and scoring so frustrating. I can do it just fine and play the game. However why should I have to, just to get a perfect score. To me, if you pay your cards in full every month regardless of the balance and never miss payments. Whether personal loans or credit cards then eventually that should take me to a perfect score. Nope not our system. They want you to have credit and want you to use it but not too much or they harm your credit score. Use a personal loan so it’s easier to make static monthly payments for a year. Yup that’s going to hurt you. Say you decide to follow Dave Ramsey and ignore your score. Because of this you don’t have any credit and your score is low. You go look for a job and they run your credit and guess what, they don’t hire you because of your low score because they think you’re irresponsible. Yet you’re probably being more responsible then 90% of the employees that already work there.

  29. royland walker
    July 22, 2021 at 7:51 am


  30. Jackson Smith
    July 22, 2021 at 7:51 am

    I'm doing a loan….but I'm doing it through Self Lender….because I like the idea of paying your loan off before you get it 🙂 :). It's like putting money in a savings account and having it being reported on your credit lol. Well, minus the frees and stuff, but still. I like that more than getting the money first and then paying it back lol.

  31. Linux Overdose
    July 22, 2021 at 7:51 am

    Been paying cash for the past 20 years. Been debit free for 20 years. My credit score is 669 fair and who cares. Credit score means nothing when your paying in cash. Especially how long I been doing it. Just bought my first home this year and guess what, I payed it in cash in full. So not even a mortgage, and never bought a new car. Always bought cars 5-7 years old in cash. I hate credit cards.

  32. Q B
    July 22, 2021 at 7:51 am

    The system is crap in the grand scheme of things. As of now, your score is affected by NOT having recent installment loan and having few account.. Now they're penalizing you for the steps they told you were needed in order to obtain a higher score.

  33. Highlighted Reply
    July 22, 2021 at 7:51 am

    I have no credit cards, no auto loans, and no debt instruments with the exception of my mortgage. I really don’t care what my credit score does. I never check it. It was an item of interest only before I purchase my home, now I could care less. Should I have a different plan? Why or why not?

  34. Madison Cooks & Eats
    July 22, 2021 at 7:51 am

    I’m wondering how much a personal loan will drop someone’s score with FICO 10.

  35. Babysisdolls333
    July 22, 2021 at 7:51 am

    i had to get credit cards because i am planning to buy a house in December. thanks to your channel i have gone from 9/19 score 564 to 710 this week…I am low spender but want travel cards.

  36. Adam
    July 22, 2021 at 7:51 am

    The big Macs 😂

  37. wannabe DAL-ADX
    July 22, 2021 at 7:51 am

    I think this action is meant to stop people from doing stupid things, like to many debt consolidation loans (and still charging on their cards, thus increasing total debt over time) or that arbitrage thing you talked about Sebby. That sounds to risky. Good summary and analysis of the new FICO 10 model!

  38. Funny hippo
    July 22, 2021 at 7:51 am

    I feel it already. i haven't missed a payment in years. my CC balance is high but its gotten less each month since it went up. I still got a notification today that my score went down 3 points. I also pay extra on my car loan each month. if thats not good enough then when FICO 10 hits hits im as good as gone.

  39. dirtyvarmint
    July 22, 2021 at 7:51 am

    WHAT IS THIS SORCERY?! I've earned like $500 cash back and got my credit score from 560 to 740 since discovering Ask Sebby. HE MUST BE A WITCH!!

  40. Rali272
    July 22, 2021 at 7:51 am

    I’m so ugly I cannot clean myself up before a picture. What should I do then?

  41. Chief 187
    July 22, 2021 at 7:51 am

    So if I have maxed out my card and paid in it full before the billing cycle has end ( leaving me with a zero balance for the month ) it will hurt me?

  42. Jermaine Blalock
    July 22, 2021 at 7:51 am

    This system is predatory. It’s designed for you to be in debt and to suck money out of you by charging high interest. Good ol America

  43. mnoell35
    July 22, 2021 at 7:51 am

    Wells Fargo uses Fico 9.