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Aristeus

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Why did my credit score plummet?
So my TU was 674 and my EQ 683 - Today 586 and 607?! What? I have new credit accounts 100% on time payments, 0-1% utilization (this month 0%) and I recently got all the collections removed entirely from my report. What would send my score plummeting from good to poor?!

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Top Contributor
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Maybe...

How new are those credit accounts?  If you applied for multiple accounts in a short period, you could have multiple credit inquiries - which is bad.  Did you close any accounts recently?  Were they the older / oldest accounts?  The age of your credit may have gone down because of that - also causing a drop in score.

There are a few reasons, these are just a couple.

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