Closing The Account Decreases Your Total Credit Limit.

Here’s why you might see a bump upwards in your score: You need to remember that there are also incidents that can affect. 60 point transunion drop for no reason.

There Are 6 Main Reasons Why Your Credit Score Dropped.

This means your current debt is higher relative to your new lower total credit limit and available credit balance. Derogatory remarks on your credit reports. Often, you may expect it, like when you apply for a new car.

Each Of These Has Varying Degrees Of Importance In The Calculation.

In a nutshell, the more credit you spent, the worse your future credit score will be, as a lender sees that you tend to live beyond your means and spend more money than you. Sometimes a credit score can go down for seemingly no reason at all. Scores went down for no reason.

Missing A Single Payment For At Least 30 Days Could Decrease Your Score,.

Why would my credit score drop 10 points for no reason? Let’s take a look at the most concerning reason for a drop in your credit score: Making a late payment, especially if the payment is $150 or more.

However, Theres Always An Explanation Behind A Credit Score.

If your fico scores dropped,. That’s below the 30% threshold lenders like you to be at. Your current utilization rate is 25% ($500/$2,000).