Why is my credit score going down?

[Rose Jones]

Feels pretty yucky. I took some money out of my 401 K to pay back some debts. 

I paid off almost 6,000 in a high interest credit card , The next day my credit score dropped 90 points. 

WTF?

[Stephanie N.]

Hi Rose, I would suggest an alternative for future use that will not impact your credit. Have you heard of Bank on Yourself-type policies? It's a way to set cash aside and allow it to grow with guaranteed returns and you can borrow against it at a low interest rate at any time and it won't impact your credit score. Best part is, your money will continue to grow even while you have loaned it out to yourself. I'd be happy to tell you more and discuss if it is right for you if you are interested. I'm a Bank on Yourself professional and personally have my own policies that I use to fund my real estate investments.