cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Hi hello

I had a credit score of 600 and one day I checked it again and my score dropped down 55 points and I don’t understand why I have been doing everything right and paying my bills on time can you help me understand? 

1 Best answer

Accepted Solutions
Highlighted
Level 15

Hi hello

Sign up for Turbo --> https://turbo.intuit.com/

 

Also, check your credit reports (free from the site below) for inaccuracies and indicia of fraudulent activity.

 

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

View solution in original post

3 Replies
Highlighted
Level 15

Hi hello

Sign up for Turbo --> https://turbo.intuit.com/

 

Also, check your credit reports (free from the site below) for inaccuracies and indicia of fraudulent activity.

 

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

View solution in original post

Highlighted
New Member

Hi hello

Do you have a PayPal account with a balance? If so, that could account for the drop. PayPal never reported to the credit bureaus until last month. Most people with outstanding balances saw all their credit scores drop. 

Highlighted
New Member

Hi hello

  • This can happen if you have applied for a loan or a credit card— my score dropped 20 points after I agreed to co-sign for a loan. This a normal ‘HIT’ on your credit score when a credit check is done.