@Anonymous wrote:I have been diligently following my scores, paying everything down, no late payments, etc... However, from May to June I have seen my scores drop by 12 points for no apparent reason. As a matter of fact I have paid down my balances significantly which should have actually raised my scores due to decreased utilization ratio.
Any ideas?
You would need to provide much more information for us to hazard a guess.
And even then, without a side by side comparison of your reports before and after the score drop, we would only be guessing.
Last time that happened to me I realized that an old account had dropped off.
@mitchblue wrote:There's always a reason..
While I agree 99% with this, I would rephrase that to there's usually a reason. There are "flukes" that exist, where people report their score going up or down a decent amount and then returning to the previous number a month or so later without rhyme or reason. A lot of the time other people on the forum are also reporting the same thing on the same bureau, possibly suggesting some sort of bug related to scoring with respect to that bureau. I suppose in these situations the "fluke" is the reason, so yes, there IS always a reason... I just mean one that can be easily explained 