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sept1107

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WHY would my credit score go down 10 points with no late payments

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There are a lot of reasons that your score can drop.

Depending on where your score was before the drop, 10 points isn't necessarily a lot.   If your score is in the 600s, 10 points is more than if your score is in the 800s.

Generally speaking though, the causes for a drop of that size are:

1.  Inquiries.  Have you applied for credit recently?

2.  Credit Utilization.  This is tricky sometimes, as credit card companies report your balance each month (not necessarily when your bill is due).  You want to keep your balances under 20% of your credit limit if possible.  Sometimes I make 2-3 payments to a credit card each month to keep it that way.

3.  Less likely, but is there something being newly reported on your credit reports that wasn't the last time you checked?

Hope that helps!!

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