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

0 Contributions
0 People Helped
Why credit score is so low????
I just opened my first credit cards. I have a Discover $1200 limit, Cap 1 $500 limit and Kohl's $300 limit. All were opened within the last month. I am brand new to this and had too many hard inquiries put on my report. Also, I used the available credit for Christmas and am paying them all off in January. My credit score when accounts were first opened was in the 800's and now it 627. Why did it go down so low so fast? Isn't it ok to use the credit limits as long as the balances are not carried over month to month? Also, once they are paid off, how long will it take for the score to go back up? Thanks to anyone who can help!

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

View your scores and reports anytime.


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.