If Your Score Went From Like 810 To 780 Then It Probably Doesn't Matter At All.

Someone could have stolen your identity and. 6 reasons your credit score went down 1. This is because your credit history is shortened, and roughly 10% of your score is based on how old.

1 Not On Electoral Roll At New Address.

Simply applying for credit can have a negative effect on your score. A lower credit limit has the same impact as charging an expensive item. That’s below the 30% threshold lenders like you to be at.

As The Chart Shows, Five Elements Go Towards Your Fico Score.

Why is my credit score going down for no reason? I get a quarterly credit score update as well as notificatiosn whenever anyone queries my credit. Finally, let’s address what might be the most frightening reason for a drop in credit scores:

For That Reason, Credit Scores Can Improve If You Have A Blend Of Installment Loans Such As Mortgages And Auto Loans And At Least One Revolving Credit Account, Such As A Credit Card.

It makes up 35% of your fico credit score. My credit score has gone down for no reason for the past 6 months, from the neighborhood of. 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.

47 Y/O, Single, Dog Dad;

When you see your credit score fluctuate by a few points, it’s no big deal. Let’s take a look at the most concerning reason for a drop in your credit score: You were the victim of identity theft.