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 Karma
Profile Image

Question By
jypsy73

1 Contribution
0 People Helped
why are scores dropping with the new system

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
1 Contribution
1 Person Helped
Most Helpful Response

Yeah, really?

Helpful to 1 out of 1 people

How could my credit score from TransUnion go down 70 points in a week despite no significant changes in my credit under your NEW credit score system? I'm uh...baffled. Was "Good" credit now Fair. Confusing.

Credit Karma Team
Top Contributor
2949 Contributions
4610 People Helped

Helpful to 0 out of 2 people

VantageScore 3.0 uses a different formula that assigns different weight to certain factors on your credit report. Some users will see their scores increase, some will decrease, and some will have no change. It's entirely dependent upon your credit report. 

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.