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T35890007
New Member

Why did my credit go down so much

My credit score dropped over 40 pts in one month. And I’m not seeing any reason as to why posted. 

2 Replies
martinmarks1919
Level 9

Why did my credit go down so much

Not seeing any reason? Where are you looking?

Opus 17
Level 15

Why did my credit go down so much

Turbo doesn't really give reasons why your score changes other than generic principles.  Your score may drop with increased credit usage -- using your credit cards a lot will increase your usage and temporarily drop your score even if you plan to pay the card off in full.  Applying for credit can temporarily drop your score.  Closing old accounts can drop your score since they decrease the length of your credit history.  There are a few other things, only you know what has changed in your financial situation. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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