So my girlfriend went through Samsung financing to purchase S21 ultra. Approved for $3600. Used $1200. Credit score shot down from 718 to 658. ( 60 pts) !!!!! and she's paid it on time every month & even more than required. And it's only recovered 2 pts in 6 months. Any one else have this issue?
It actually went down 66 points on TransUnion.It went down 4 when she applied and when she actually purchased the phone it went down 62 more points. She received a notification to her phone from her credit app saying new account opened TD/Smsng. -62 pts.
I'd recommend contacting Samsung Financing to ensure that everything is going through okay, because if you are paying on time there shouldn't be any issues. The number for them is 1-800-434-0050