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
cmg1227

0 Contributions
0 People Helped
Why did my credit score have gone from "good" to "poor" in only a few months?!
My score was 732 in June and has gone down to 628 since then. I've been making all the minimum payments, although Credit Karma's saying my percent of on time payments went down from 99% to 98% since I last checked it in June. Also, my "Open Credit Card Utilization" went up 23% since June. Is this really enough to go from having good credit to poor? I'm scared! I'm a college student trying to build good credit.
All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
743 Contributions
1758 People Helped
Most Helpful Response

Helpful to 2 out of 2 people

Your missed payments are the biggest problem. 98% is good in school but not for ontime payments. 

1 Contribution
0 People Helped

hard inquires or  late payments cause  credit scores to be lowered just a month i had a credit score of 800 and now im down to 735

2 Contributions
0 People Helped

My credit score dropped 100pts in a week and I don't have ANY missed payments, delinquencies, or public records! It doesn't make sense. I have 3 cards that are around %60 utilization, but that shouldn't cause me to drop that far that fast!

Top Contributor
749 Contributions
620 People Helped

i think you just answered your own question, your missed payements really stung you, and your utilization didnt help either.  

Results 1-4 of 4Results 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.