Why did my credit score drop 50 points?

Home (Live) › Forums › Credit Reports & Scores › Why did my credit score drop 50 points?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 8, 2023 at 10:07 am #10785
    StellarFi
    Keymaster
    August 11, 2023 at 7:18 pm #10977
    Team StellarFi
    Moderator

    Your credit score usually drops if your credit report was recently updated with negative information. This can include late payments, increased credit card balances, high credit utilization ratio, multiple new credit accounts, hard inquiries, or even inaccurate information in your credit report.

    The higher your credit score, the more it is affected by negative information. There is no way to specifically determine which information has caused your credit score to drop. You will have to review your credit report and the information that is updated on it to figure it out.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Build credit with every bill you pay.

With StellarFi, your bills are paid on time and reported to TransUnion®, Experian®, and Equifax®.

Raise Credit Score by 150 pts

Credit score increase based on StellarFi member data. Credit score increase not guaranteed. On-time payment history can have a positive impact on your credit score. Nonpayment may negatively impact your credit score.

Get Free Credit Score 2

Related questions

Home (Live) › Forums › Credit Reports & Scores › Credit Reports & Scores

Viewing 15 topics - 1 through 15 (of 223 total)
1 2 3 … 13 14 15
Viewing 15 topics - 1 through 15 (of 223 total)
1 2 3 … 13 14 15
  • You must be logged in to create new topics.
Company
About Us Pricing Partner with Us Careers Press
Resources
Blog Offers
Account
Sign Up Login
Build Credit with Every Bill You Pay.
© 2023 StellarFi. All right reserved.
Privacy Policy Terms of Service

Credit score increase based on StellarFi members’ data. Credit score increase not guaranteed. Credit scores will only be available to members whom we are able to validate. On-time payment history can have a positive impact on your credit score. Nonpayment may negatively impact your credit score. Failure to make monthly minimum payments by the due date each month may result in delinquent reporting to credit bureaus, which may negatively impact your credit score..