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
kagoolsby

0 Contributions
0 People Helped
why would my credit score drop if i haven't paid any bills late?
I recently took someone off my credit card account could that effect my credit score?

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
Top Contributor
15 Contributions
132 People Helped
Most Helpful Response

Credit score change

Helpful to 2 out of 2 people

Your credit score changes up and down on a daily basis, a few of the factors that could drop a score even if your paying your bills on time are :

1 - credit card utilization - there are a few teirs to this 0-20 % your good , 21-50 % can drop your score a little , 50-70% will drop it more and 70% and over will drop it a lot. even if your pay your cards in full every month if the reproted balance is a high percent it will affect your score.

2 - If you apply for new credit too many times it will drop your score as well for a few months.

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.