Credit

My credit score dropped 16 points for no reason. I have 100% on time payments. Just wondering why?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Credit

Credit scores can drop due to a variety of reasons, including late or missed payments, changes to your credit utilization rate, a change in your credit mix, closing older accounts (which may shorten your length of credit history overall), or applying for new credit accounts. And don’t forget that credit report inaccuracies due to mistakes or identity theft can also cause a dip.

https://www.creditkarma.com/advice/i/credit-score-drop

View solution in original post

1 Reply

Credit

Credit scores can drop due to a variety of reasons, including late or missed payments, changes to your credit utilization rate, a change in your credit mix, closing older accounts (which may shorten your length of credit history overall), or applying for new credit accounts. And don’t forget that credit report inaccuracies due to mistakes or identity theft can also cause a dip.

https://www.creditkarma.com/advice/i/credit-score-drop