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
lukedm14

0 Contributions
0 People Helped
Why did my score drop?
Why did my credit score drop?
I have 2 credit cards. One is the "Discover It" card which has a FICO credit score on each statement. My score dropped from 725 to 693 over the last statement. Credit karma which shows the same drop. I made both (and all) credit card payments on time since the last payment, as well as my utility bills. I have no other loans or credit lines. Very confused as to why my credit dropped from exceptionally good to just good for no clear reason...

It should be noted that I opened one CC in December 2013, and the other in April, 2014. I have no other history of credit cards or loan history. Utilities have been in my name since November 2013 and I have never missed/late paid. I know I am not that established with credit, but they started me off with a 725...so I feel I've only improved.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Credit Karma Team
Top Contributor
2949 Contributions
4630 People Helped

Hi lukedm14,

Your score is calculated by the credit bureau and no one here can tell you with any accuracy exactly why your score changed. I suggest looking at your Credit Report Card to see which categories have changed recently. Opening a new credit card in April could have affected your score, but there are approximately 200 other factors that also impact your score.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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

View your scores and reports anytime.

SIGN UP NOW

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.