topic Why did my credit go down so much in Education

Why did my credit go down so much

T35890007 — Sat, 19 Dec 2020 01:09:48 GMT

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

Re: Why did my credit go down so much

M-MTax — Sat, 19 Dec 2020 04:20:50 GMT

Not seeing any reason? Where are you looking?

Re: Why did my credit go down so much

Opus 17 — Tue, 05 Jan 2021 14:35:58 GMT

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.