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Question By
ALG2914

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Why Did My Credit Score Drop 60 Points?!?!
I am confused why my credit score drop over 60 points since the last time I have seen it? I bought my first vehicle in early 2013 with a credit score in the 700's and now after losing 60 points (for whatever reason?) I am in the 600's...Nothing on my account has changes since. I have two credit cards total, consistently paid on time and never once have been late - this includes my vehicle loan. I have perfect payments that show on here with no changes and yet I dropped over 60 points?!?! What could be wrong and how can I fix this?

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OK, so you still have an open vehicle loan?   Then this vehicle loan is counting towards your total credit line, thus lowering your score.

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Reply by
zevus

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Sorry, that should say 'percentage of credit line utilized'..

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