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Crocreditquestion

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Why does a credit score drop?
At the beginning of the year, my transunion score was 700, now it's 632, and I can't figure out why.

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check your factors

There are 6 credit factors. Check the status of your factors, credit karma is pretty good at telling you which ones are healthy and which aren't. Most user friendly on the Credit Karma app, but the web version tells you too.

one of the most impactful factors is how much of your credit you are using. More than 30% is considered risky. That doesn't mean you can never charge more tha that, but when your card reports to the bureaus once a month it should be around there if you want to keep your score up.

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