Credit Score

Aw564608 — Tue, 21 May 2019 15:15:33 GMT

My credit score just a few days ago was 679, then all of a sudden it dropped 37 points. Can someone explain what happened? And why?

Re: Credit Score

Anonymous_ — Mon, 16 Dec 2024 14:33:38 GMT

Re: Credit Score

AdrianG001 — Tue, 11 Jun 2019 17:26:11 GMT

Sudden, drastic credit score drops are never a very pleasant surprise. If you have been working hard to improve your credit scores, either on your own or with the help of a professional, then a credit score decrease can be downright infuriating. Unfortunately, there is not always an easy answer to the question “why did my credit score suddenly drop?” The answer to that question will depend upon a variety of factors, all of which can be found in the same place – your credit report.

Here are the three possible reasons for sudden drop in credit score.

Scenario #1: You Forgot to Make a Payment

Scenario #2: A New Derogatory Item Was Added to Your Credit Reports.

Scenario #3: You Are a Victim of an Error or Identity Theft.

Regards,

Adrian

Tax Consultant

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