Credit score - sudden drop in single month

[jude42]

Hi,

I’ve been trying to understand how the math works. From June to July, my score dropped in excess of 100 pts from the high 700’s and the only drastic change I can think of is my recent Refi of mortgage from 4%  to 3.5%. I think it’s quite disturbing if that’s how the system is designed. To penalize survey investors/borrowers who are only trying to maximize the prevailing favorable market conditions. Thoughts? I’m still perplexed!

[Anonymous_ · Accepted solution]

You should review your credit reports (free from the site below) to ensure all entries are accurate and that there is no indicia of fraudulent activity.

https://www.annualcreditreport.com/index.action

You might also want to check your credit score (and metrics) from Turbo --> https://turbo.intuit.com/