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
redescalade100

0 Contributions
0 People Helped
Credit lowered 40 points in a matter of 4 to 5 days?!?!?!
First right after I joined credit karma i had no idea what caused my score to go up from like a 680 to a 723 in a matter of days. I got a new car loan and was making payments maybe? not sure. Anyways. Before my score jumped up I applied for a credit card from chase. got denied and called reconsideration line. got approved for $200. well last few days I had a pretty high balance just sitting there. I was just about to pay it off almost all the way down (not waiting till its due). I have a target red card too which has $600 limit. Total credit utilization was 34% if you add up both limits. I then had 2 inquiries. One i just did to move in to a new apartment and 1 did a long time ago for bill me later. I now have 12 hard inquires. Can those 2 new little things, high balance, and 2 hard inquireies really lower me 40 points that fast?

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
Top Contributor
315 Contributions
442 People Helped

It Makes you look deperate for money

The less activity in your credit report, the better. Search Experian + Credit Education. I would put the link up here, but credit karma doesnt like that. They make their money off advertising.

Anyway, go thru that site. It has tremendous amounts of quality information.

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.