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
z28jan

0 Contributions
0 People Helped
credit score dropped
Confused.....nothing changed in my credit whatsoever, yet one day my Equifax score is 733 and the next it is 655????? Dropped 78 points overnight???? How does that happen when there's been absolutely no changes??? No inquiries, no additional credit card debt, NOTHING.

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
1 Contribution
0 People Helped

the same thing just happend to me from 733 to 605 all i did was inform them to update a collection that got paid 

it seems they are like the stock market high points today low points tomorrow.

Top Contributor
5038 Contributions
1134 People Helped

Both of you should watch your FICO scores, z28jan I don't know why your scores fell like that. 1iwilly925, your scores most likely dropped from updating the collection account, when a negative account updates, that is bad news for scores as the scoring systems believe it is a recent derogatory when it updates and that results in a penalty.

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.