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truck184me

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why my score drop from 660 to 595
what in the world

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To review the reasons for changes to your credit score, you'll need to scrutinize your credit report thoroughly.   A 65 point drop can be any combination of items or one negative item.   It can also be a result of something positive which now affects your overall credit history.   Adding a new credit card and using it excessively can result in a hard inquiry, a new account, thus lowering of length of credit history and high utilization.  These can be overcome by paying it timely and dropping the utilization.  it can result based on a single late payment.  Perhaps you thought was ontime although was but a day late.  While this would remain on your report for 7 years, the impact is generally only about 24 months as your on time payment history increases.  It could be for an installment loan which has recently been paid off.  Yes, closed/completed loans can result in a loss.   While you were managing the account, you were gaining points monthly, however as it is no longer being managed you see a reduction which you'l have to earn back.   Go through your credit report line by line and compare it to past reports and I'm certain you can discover what caused the reduction and using the articles here on CK to learn what you can do to reverse the impact.

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