Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Cosign12

0 Contributions
0 People Helped
cosigned a loan then my score fell 100 points. No negative reports, and loan in good standing. WHY?
My Credit score was 760, now 6 months later it is 666. The Loan is in Good Standing and have never been anything other than that. I have no negative marks on my credit report and I pay all my bills on time. Why did this happen and what can I do about it. Is it because I am on disability?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
3 Contributions
0 People Helped

Utilization

It's pretty simple: your utilization is high.  Before, you probably had very low utilization of your credit lines, and now they seem to be maxed out.  Also, you probably have a couple of inquiries now, a brand new account so average age of accounts goes down, and so on.

I hope that helps!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.