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Question By
JBreiwick

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Credit score took a major dip in a week
Both of my credit scores took major dips in the last week. 72 and 48 points. NOTHING has changed. I don't have anything late, no new credit cards opened, not inquiries, everything is in good standing. So why such a large dip?
Also, when I went to log on, credit karma said they were having issues and it stand by. I don't know if that had something to do with this? My husband and I have worked so hard to get out scores up this past year and they were trending towards being excellent again and now with this major dip, it's like we are back at square one.

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Helpful to 5 out of 6 people

Same thing happened to me! My scores dropped about 30-40 points! What gives Credit Karma?

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DITTO

Helpful to 4 out of 6 people

my husbands just did the same thing for the past 2 weeks..one week one of the agencies dropped  then it went up the nxt week 57 points..now this week th other dropped 17 pts ..and the other went up 1. oddly enough we have had something come off his account. im confused also. i emailed credit karma..

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Score down 80+ points

Helpful to 1 out of 1 people

My score dropped 80 + points. What tanked my reports is a charge off reporting inaccurately. Now I have to write both agencies that the debt was paid and I need it removed off my credit report immediately

Reply by
ariespoet

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Helpful to 1 out of 2 people

When you write them, I strongly suggest that you just ask them to report the account as 'paid' and to remove any derogatory marks. I recently had 2 accounts not being reported as paid; I filed a Transunion dispute online via CK and wrote to Equifax with a dispute. The resolution from both agencies was that they removed the accounts from my credit report; my credit scores dropped almost 40 points! After studying the 'credit factors' section, I've concluded that because I had 6 accounts on my report (which is considered 'poor'...) and with the removals now only have 4, that made it look worse for me. These credit score factors & formulas seem to set you up for failure because even when you think you're doing right, you can easily be setting yourself up for something worse. Had I known before, I would have just let the accounts remain as 'no payment history reported' and just let it drop off my report in another year or so!

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Drop in score

Helpful to 6 out of 11 people

I also had a huge plummet in my credit score of about 85 points. I was well on my way to working closely to achieving a 800. I recently took out a loan and paid off two credit cards that had high balance and interest rates. I still have about three accounts open with balances I can have paid down in about 6-8 months. I thought that with paying off those two accounts it would have helped my score instead I guess it hurt it.What did I do wrong and how can I correct or get my score back to where it was?

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With this weeks update my experian dropped -66 points and when I click the "what changed" link it said good job congrats my credit card utilization dropped from 85% to 63%. Transunion score stayed the exact same as it was though! Frustrating!

Reply by
dkr0811

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i cant find the what changed button can you tell me where it is located please

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Similar Experience

I had a similar experience. All of the sudden my scores just dove. Equifax dove 42 points out of no where. In my credit report updates, all it says is that new addresses have been reported a few weeks back. My payment history actually went up a tier. I was excited to see what kind of positive impact it was going to make. I was really bummed out by the dip. I've worked hard to get back to 700 and then all of the sudden it just dropped. 

Has anyone figured out why this happened?

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Helpful to 3 out of 6 people

Something changed for the points to drop, 

Look at the last 2 reports and compare them.   you should be able to find what happened. 

It could be older account that had been closed that fell off your report.  Look at everything.

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What gives

Had 7 years on my oldest account then a week later only have 3 years .  Dropped my score 80 points.  And I still have the old card.

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down 31 points

Helpful to 1 out of 2 people

Mine just went down 31 points even though I've done NOTHING wrong.  With a perfect payment history, a low utilization %, and a hard inquiry that just expired, it makes no sense.  I'm wondering if something went haywire with Credit Kar,a's system?

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Reply by
icuhowie

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Helpful to 4 out of 6 people

One Day People will figure out that CreditKarma does not,  I repeat DOES NOT create any Credit Scores at all,

They only DISPLAY the Scores Supplied to them by TransUnion and Equifax.   Those are the ones that Create the credit score you see here.

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Equivalent dropped 100 pts while OTHERS

My last update on my equitable score dropped almost 100 pts while both my Experian and Transunion stayed normal and even increased.  Nothing has hanged at all to cause any change let alone such a dramatic drop. 

Please can anyone explain if his happened to them in the past month and whether they understand why and how to fix this?!?!  

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