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Question By
Emme12

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Big drop in overview score
In one week my Equifax score dropped 60 pts. from 706 to 646 and I have not missed a payment, payments are current on time I haven't added any new cards and have not made any large purchases..Does anyone know what could have happened? Any advice would be helpful..Sincerely and
Confused!

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Changes in your credit score can be determined by comparing one weeks score; line by line; with the prior week.   Reductions are routinely caused by several factors.  Perhaps a payment did not arrive at the creditor by the actual due date.    Perhaps a debt that you had long since forgotten about has not appeared on your credit report.   Another factor could be a debt that has long been paid off was closed for inactivity and is no longer an active credit account.   You'll need to look at the two reports to locate the difference and then determine if it was a valid change.

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Reply by
faidros

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I neglected to include that if you had co-signed for a loan and/or been a co-applicant to an account that that person defaulted on the payment it would impact your score as well as theirs.

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