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Question By
G00285019

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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
10 People Helped

Mystery Solved!

Helpful to 10 out of 11 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
5 People Helped
Helpful to 4 out of 4 people

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

1 Contribution
6 People Helped
Most Helpful Response

-98 points in ONE DAY!!??

Helpful to 6 out of 6 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
alexrev13

5 Contributions
10 People Helped
Helpful to 3 out of 3 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.

Reply by
iForeignBeauty

1 Contribution
12 People Helped
Helpful to 12 out of 14 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
9 People Helped
Helpful to 9 out of 10 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??

1 Contribution
6 People Helped

Ludicrous!

Helpful to 6 out of 7 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!! 

1 Contribution
14 People Helped

Same Here

Helpful to 14 out of 17 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. 

1 Contribution
3 People Helped

Dropped for no reason

Helpful to 3 out of 3 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.

1 Contribution
2 People Helped

Me too!

Helpful to 2 out of 2 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.

1 Contribution
2 People Helped

Helpful to 2 out of 2 people

How did you contact the Equifax directly?

1 Contribution
5 People Helped

What happend next??

Helpful to 5 out of 6 people

Mine did the same thing today....no reason at all.....can I ask you, what happend next? Did you manage to find out an answer from Equifax?  Did it go back up the following week? etc. Thanks!

Reply by
lauraleecable

1 Contribution
3 People Helped
Helpful to 3 out of 6 people

Mine did the exact same thing on the SAME date as yours. I have no clue what happened and I have no new activity on my credit whatsoever. Mine went down 72 points.

Reply by
chadsproperties

1 Contribution
4 People Helped
Helpful to 4 out of 5 people

I'm going through the same thing. Mine dropped 38 points with no changes. My update is on the 27th. Did yours change and go back up with the next update?

Reply by
Galaxis

3 Contributions
2 People Helped
Helpful to 2 out of 4 people

If you hit over 9% or 30% utilization, it will drop 20+ points. When you hit the 50% thresholld utilization, it will drop again, and so forth. Utilization occurs in real-time, meaning you don't have to wait a month to see it (the next time credit karma updates ur info).

Top Contributor
7373 Contributions
3812 People Helped

There is such a thing as "too good".

Helpful to 24 out of 31 people

Believe it or not, there is such a thing as being too reliable with your credit.  It's that "a little over what is due" that may be doing the job on your credit.  It's almost as if you're doing a *cash only* basis.

Try this for a while and see what happens.  When you get your statement, pay just the balance shown and not a cent more, but do send the payment so it arrives by the due date.  You would not be incurring any interest on this unless you left any amount over from this statement until the next.  If you had $100 due and you only paid $99, interest would be calculated on that dollar and that would be added to the next month statement.

You said no balances have been paid off.  If you have any account that may incur interest charges, it is more prudent to pay it in full every month.  That way you don't end up with the additional interest expense.  And you definitely want to see the balances on charge accounts decrease.  That they haven't causes alarm bells to go off in the minds of credit grantors.  They want to see the ability to charge for goods/services and pay the balance in full promptly.

Try making that your goal.  Also, check your credit reports for account accuracy on an annual basis.  Go to freeannualreport.com to get your credit reports and you go over them thoroughly, disputing any erroneous items.

Hope this helps.

Reply by
G00285019

3 Contributions
1 Person Helped
Helpful to 1 out of 3 people

Thanks! I'll give that a try!

And I would love to be able to pay my balances off in full but they are student loans and a car tab. Which means thousands. So unfortunately, that's not an option for me. 

1 Contribution
3 People Helped

CS dropped without reason

Helpful to 3 out of 3 people

Very interesting situation. My credit score dropped 63 points with no reason. I have total 7 CC accounts , and autoloan. Everything is paying in time. Only change since last week - two new Amex CC added . He most " interesting" part - my husband since last report has same one change - same two cards added to his account and CS increased +7 .  The only Change for  me - age of history went from 13 months to 10. For me it looks like transunion either have some info which doesn't show CK either they made a mistake ......

Reply by
samsimon6

3 Contributions
1 Person Helped
Helpful to 1 out of 1 people

I don;t uderstand why people write "nothing changed" then wrote that something eventially changed in their accounts!! What a smart people!! NOTHING CHANGE it should be NOTHING changed - NONE THING CHANGED! AS in my case I didn't use card for 1 month - no new card, no close card, no THING changed and they dropped my score up to 30 points!! But they mentioned that I don;'t have to use my card 0-9% is excellent and score should not be affected is not using card!

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