Why has my credit score dropped for no reason?

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by manuel , in category: Credit Ratings , 2 months ago

Why has my credit score dropped for no reason?

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1 answer

Member

by kurt , a month ago

@manuel There can be a number of reasons why your credit score has dropped. It could be as a result of something specific that you’ve done like taking on a loan, making late payments or running up a high balance on your credit cards. It could also be the result of an error on your report or a change in scoring criteria set by the credit reporting agencies. To find out why your score has dropped, you may want to request a free copy of your credit report to review and look for any negative activities that could be dragging down your score.