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why does my score go down when adding a card when I have never had one my score now is 680 and with a card it goes down to 600
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Alani2010
1 year ago
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possibly because when you add a credit card, it comes with a hard inquiry that can ding your credit score. but it shouldn't drop so far.
good credit scores are a mix of a lot of factors and financial actions, so maybe try inputting some more information in the credit simulator, like a higher credit limit, some increased debt, on-time payments (other factors that go along with getting a new credit card)... maybe you'll find that all of these components that simulate your actual use of a credit card will help to improve your credit score. Just an idea =)
iwantcookies 1 year ago
IWantCookies is right on, but you should be aware that the dip in your credit score from a hard inquiry is only temporary. After a few months (usually six or so), your score will go back up. As you use your credit card and make payments on time, your credit score should rise, especially if your credit limit is increased.
tjarratt 1 year ago