8 Reasons Your Credit Score Dropped and How to Increase It Story

Wealthy Living Wealthy Living Learn more

Did your credit scores drop for no apparent reason? Use these wise tips to boost your scores quickly, so an unexpected credit score dip doesn’t hurt your finances.

[{"selector":"#anim-428b271e-43b2-42cc-a45d-5c33d7b2ebc3","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ab1751c-cf78-4a56-b39b-2bb79d614254","keyframes":{"transform":["translate3d(0px, 176.57469%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

In this post, I’ll explain why scores fluctuate and when you should be worried about a drop, and tips to boost your scores quickly so that an unexpected credit score dip won’t hurt your finances.

[{"selector":"#anim-5e6dbbfc-487d-425d-a6ff-c43f61299887","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f03b2dba-8c45-45af-8508-e585a26414af","keyframes":{"transform":["translate3d(0px, 155.85913%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

What Affects Your Credit Score?

[{"selector":"#anim-6f48f36e-75eb-450b-859b-d03ec8a49285","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15dcf6c0-1ec9-4297-bac0-72d96d0a2a40","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

One of the biggest misconceptions about credit is that you only have one credit score, such as FICO.

[{"selector":"#anim-58733e42-05fe-42f2-8063-2149e026cd48","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d29f916f-d459-4dee-bd3b-c6afc6bc7076","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

While FICO is a popular type of score, hundreds of different credit scoring models are used by mortgage lenders, credit card issuers, insurers, and merchants.

[{"selector":"#anim-ffeaaf64-4267-4b7f-9415-fab03932324b","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a911ec2-6cd0-436b-8646-843d92f5dedf","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

8 Reasons Your Credit Score Dropped Suddenly

[{"selector":"#anim-c80b49d4-60f0-4fa0-ab24-794a0b9805ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-752784ea-7fd6-43ac-9d6b-2d8ead5d577e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

1. You’ve become the victim of identity theft.

[{"selector":"#anim-8f5e6b14-f545-4179-9af6-ec5982e445e7","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c15e15bd-4b12-44c5-b35c-c687bdb5489f","keyframes":{"transform":["translate3d(0px, 323.75793%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22654fe2-923c-4330-bd81-e3c2e610fea5","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e06eb43d-19fb-4175-9325-426290a51da1","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

2. You have an error in your credit reports.

[{"selector":"#anim-51fc7e96-566f-47ad-8217-356fa756769e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2cdc324-34b3-42c3-957a-525c37356d9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d5e1c36-1955-4d40-8ba1-3c38d3221b19","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c201d29e-cfbd-4077-a476-46be3186429e","keyframes":{"transform":["translate3d(0px, 311.56283%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

3. You unintentionally missed a payment due date.

[{"selector":"#anim-e0883eec-9b83-4ff7-9324-4751943dbccf","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8712cc1-1ce3-4e5c-8cd9-5253bac24895","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b742b2d8-13e6-4140-ade5-b8aaf11cc6ba","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46354d81-2196-4e5f-9224-dc4040b7dac5","keyframes":{"transform":["translate3d(0px, 249.22557%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

4. Your credit utilization increased.

[{"selector":"#anim-483324d1-8d39-4129-a953-b083e9ffe092","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b8c9f99-ba84-4e00-be97-61f23dd37ec3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe7483e0-2245-414e-b428-82705bf2de3e","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5797f8ee-5fd9-448f-9c02-1c1684886a92","keyframes":{"transform":["translate3d(0px, 317.25391%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Swipe up now to read the full post!