many of us have been in the same situation you've been in over the years. some on multiple occasions. you've come to a good place to find answers to a lot of questions. without knowing your true credit profile it's impossible to say EXACTLY what caused your drop. also, i'm guessing that is a FAKO score rather than a FICO. if you don't know those terms then search the forums and start learning. FAKO is not a true credit rating but a computer modeled guesstimate. it is also very sensitive to changes to your profile, but settles back rather quickly, unlike FICO. anyway, start researching there, learn what makes up your scores, and then start using the power of that informaiton to improve your situation if that's in fact what you're looking to do. good luck!
Hi Kenin, welcome to the forums!
Given your reference to only TU & EQ scores, I'm guessing you obtained them from Credit Karma. So, Q: Did your FICO scores drop?
Credit Karma scores are of the Vantage 3 model and respond differently to changes to your overall credit than FICO; it is common to see a drastic difference (higher / lower) between your FICO and Vantage scores (Vantage scores also tend to rebound fairly quickly). FICO is what lenders use to evaluate your credit, not Vantage. CK is good for monitoring changes to your reports, but the scores may be ignored as they do not factor into credit decisions. You should be monitoring your FICO scores -- be concerned if you experience a 150 point FICO drop.
