topic Re: Credit score decrease in Get your taxes done using TurboTax

Credit score decrease

Robkelley — Tue, 24 Feb 2026 06:54:39 GMT

My credit score has dropped by 6 points April to July 2023

only change 1 auto loan paid in full, that change should increase my credit score not decrease

Re: Credit score decrease

Bsch4477 — Sat, 22 Jul 2023 19:36:44 GMT

This forum is for questions about tax law and using TurboTax.

Re: Credit score decrease

taxlady28 — Sun, 23 Jul 2023 12:06:21 GMT

You need to study your credit report to find out what changed. Possible reasons are a missed payment, late payment, new credit card application, or change in your credit limit.

Re: Credit score decrease

Anonymous_ — Sun, 23 Jul 2023 13:57:46 GMT

@Robkelley wrote:

My credit score has dropped by 6 points April to July 2023

only change 1 auto loan paid in full......

See https://www.equifax.com/personal/education/credit/score/why-credit-scores-may-drop-after-paying-off-debt/

Further, a 6-point decrease is generally not consequential.