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why did my credit score went down 14 points since last time?
We have payed down the credit cards and not added any new debt as well and my credit score went from a 694 to a 680 in one month.
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Top Contributor
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There are other factors that come into play. Are there old loans that have been long paid off that are aging away (and becoming less of a positive factor).

Your payment history on your report is for the last 48 months, so are there fewer lines of credit now than you had in the past, so some of the old payments are being removed?

Did you pay off any installment loan debt and changed your mix of credit (installment vs. revolving)?

And, there are many other factors that come into play, as well. This site lists out the major factors, but not all.

Top Contributor
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you pay anyone late?

You run up a balance on any of your cards?

You have any new Inquires on any of your reports?

Any of your lines of credit get 're aged'?

If any of your creditors have made changes to any of your accounts, like lowering your limit, Like lowes did to a friend of mine taking him from 1300 limit to a 300 limit)

Any of your cards go to collections?

Any of these things can cause your score to drop.

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