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!


Posted in Credit Scores
Profile Image

Question By

1 Contribution
0 People Helped
What could cause my credit score to drop 28 points in one month?
It stated that nothing has changed on my credit report and 100% on time payments.
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
6 Contributions
3 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Did your cc utilization ratio change? If you charged on your cc's and they were reported to the Credit Reporting Agencies and you went from having 1% used on all your cc's, to having 25% used on your cc's, that will lower your score. For example....if you have 2 cc's with $300 limits on both, and a month ago the cc companies reported $6 as your balance, but this month the credit companies report that your balance is $150, your utilization ratio changed and will drop your score. Even though you're paying on time, you may be paying the cc's after the cc companies report the info. to the CRA's.

1 Contribution
0 People Helped

I don't have any CCs the only thing I can think of is that I had a store card at Kay Jewelers and had not used it in two years and I think it just closed recently due to lack of use. But 28 pts is just insane for something like that.

1 Contribution
0 People Helped

Same here

This has happened to me many times over the years... But what is strange it will regain the points in the following month or two... Also no one seems to have an answer why, so I got credit karma to track it... but I still can't see why.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.