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
TomW1234

1 Contribution
0 People Helped
recently leased a car lastmonth and according to CreditKarma my credit score dropped from 750 to 675
I recently leased a car last month and according to Credit Karma my credit score dropped from 750 to 675, with no missed payments only thing new is the lease but how does it make it drop almost 75 points in one month?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
675 Contributions
353 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Yeah, I would check your FICO score.  Also adding a new credit line will drop your score for a little bit but because this is different from a credit card it will help your score in a little bit because it adds some credit mixture to your credit profile and that is 10% of your score.

Reply by
TomW1234

1 Contribution
0 People Helped

Where would be a good place to check my FICO score?

Top Contributor
5038 Contributions
1133 People Helped

Helpful to 1 out of 1 people

Non-fico scoring systems do crazy things.

Results 1-2 of 2Results 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.