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MzCovington

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My credit score was just 577 now its 563 not understanding why my score went down

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When you are on the Credit Karma home page where the two credit gauges are (the fancy, colorful things with the pointer showing what your score is), look at the bottom of that box. In blue it says "Check out your credit factors." Click on that and it will take you to a page that tells you what gets factored into a credit score, how important each factor is, and where you stand. Hint: the important thing you can change is the utilization, which is the one at the very top. On- time payments are something you can control from now on, but if there's already a late payment there you can't get rid of it. Same with derogatory marks and inquiries--if they're on your report you're stuck with them until they age and fall off.
Also, when you are on the home page, scroll down. Just past the colorful gauges there is a box with a featured credit card and your odds of being approved for it, and next down is the box that will answer your question more specifically. In this box is a list of all the changes that happened since Credit Karma last updated your scores. It will list increased balances, new accounts, new collections, accounts no longer reported, new inquiries, late payments, etc.

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