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Posted in Credit Scores
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Question By
G00285019

3 Contributions
1 Person Helped
My score dropped a lot for no reason! Why?
No new inquiries, no balances have been paid off, no balances have increased. No changes whatsoever.

My score dropped 58 points and I have NO idea why. I'm very on top of my finances and my bills. Everything is paid before the due date and always enough to cover the minimum due plus whatever interest may have developed over the month.

Someone PLEASE help. There was no explanation on credit karma. Thanks!

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1 Contribution
35 People Helped

Mystery Solved!

Helpful to 35 out of 40 people

So I had the same problem with Equifax on credit karma. Credit karma reported a sudden 22 point drop with no valid reason for it. I went drive you to Equifax and paid for their credit monitoring. They were very clear the my credit score HAD NOT CHANGED that credit karma was off on their reporting . So to everyone worried about a sudden drop I would recommend contacting the reporting agency directly

Reply by
cremington10

2 Contributions
22 People Helped
Helpful to 21 out of 26 people

Enter Your ReplyIll try that. Mine drop exactly 100 points today for no reason.

1 Contribution
17 People Helped

-98 points in ONE DAY!!??

Helpful to 17 out of 19 people

Mine just dropped 98 points in one day!   I disputed two items that were taken OFF my report and today im -98 points on my score!!!   WHY???   I have one credit card, and two loans i pay.   I paid my auto loan off last year so that shouldnt JUST now come into effect!

Reply by
iForeignBeauty

1 Contribution
34 People Helped
Helpful to 34 out of 39 people

I just had the same thing happen to me!! I am ****ed! I disputed 4 things and they were removed but then my score dropped 59 points. I am not understanding this.

Reply by
catiemay

1 Contribution
34 People Helped
Helpful to 34 out of 38 people

Mine did too, I disputed 3 items on my credit report and it dropped 41 points. I thought getting the negative things off your report was supposed to help your credit not hurt it.. What is wrong with this picture??

Reply by
alexrev13

5 Contributions
41 People Helped
Helpful to 33 out of 39 people

the same thing happen to me once i paid my car off my good credit just started dropping a litte he and a little their. i went from 750+ to now 657 for no reason.

No one can tell me why it keeps dropping.

1 Contribution
4 People Helped

Credit karma

Helpful to 4 out of 4 people

I believe there is something to do with this site that hurts your credit. Mine has dropped by 30+ monthly for 3 months with no changes what so ever . My advice is get the hell off this site and never check it on here again . I never had any issue before I came here . My credit score was 816 when I first opened my account here ... I made a few inquiries and it went down to 790 which was okay because I did that myself . I have not made any type of inquiries etc since then and my credit has done nothing but drop to 540 for no reason at all. Get off credit karma and go to transunion and don't check it unless you need to . Credit karma is nothing but a joke. & that's why they made it completely IMPOSSIBLE to CONTACT them 

1 Contribution
12 People Helped

Dropped for no reason

Helpful to 12 out of 14 people

Im a college student who amazing paid of my credit card bills in full, and not once have i ever been late. My credit score was around 750 last time I checked and I checked today it was 715. I don't have any payments that I need to pay, and I only have one card. I am confused as to why If im doing everything correcly, why my credit score dropped. This is some b.s. Its like you can never win when it comes to having a credit card.

3 Contributions
13 People Helped

Me too!

Helpful to 8 out of 9 people

I just had the same thing happen - 47 point drop on both Equifax and TransUnion in one week, and the only change shown is an old tax lien that DROPPED OFF. WTF? Feels like the system is either arbitrary or rigged and improving my credit score is futile.

2 Contributions
91 People Helped

Same

Helpful to 3 out of 3 people

Yup. Mine dropped 80 points for no reason. I checked every single detail. I'm relieved to hear this has been happening to many people.

1 Contribution
7 People Helped

Credit Score Dropped

Helpful to 7 out of 11 people

That's how banks make money, if you have low credit score. My daughter's score went from 740 to 635 without any changes in her credit report. No credit cards, no loans other than student loan (which was already on her account before the drop), no  collections, no inquiries. You can't really go anywhere for help or get it corrected. 

This whole thing has been a scam for years and is not about to improve anytime soon. 

1 Contribution
8 People Helped

Helpful to 8 out of 11 people

How did you contact the Equifax directly?

1 Contribution
12 People Helped

Ludicrous!

Helpful to 12 out of 18 people

I noticed that the credit scores goes up little by little by little, but the credit scores can drop drastically for whichever reason if it's legit.. My score dropped 18 pts for NO reason. It just seems forever to get higher and higher in score, but it sure has NO problem to drop! I have NEVER been late on ANY payments in the whole entire history of  I having a credit card. This is ridiculous!! 

Reply by
slazyNap

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

That's the American way. Keep you down. My score was 750 which was 'Great', 2 days later, for no reason, its at 749 which is 'Good' so, if I apply for any loans or cards, they can say "well your credit is good not great" which means more money for 'the system'

1 Contribution
21 People Helped

Same Here

Helpful to 21 out of 25 people

My Experian credit score went down 84 points in one day, and for no reason whatsoever. I have a perfect payment history, 10% credit card utilization, no derogatory marks, and I'm very careful about my finances. I'm getting sick of the mafia-like credit reporting agencies. They create a secret list, charge you money to look at it, and then don't explain why they make changes the way they do. It's an insideous cabal. 

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