Credit Score Dropped 200 Points

Updated:
March 9, 2023

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Pulling your credit report is the first step to identifying why your score dropped 200 points.

You can identify all recent negative items that may have affected your score, leading to the drop. Remember that the most common reason for a 200 point drop is due to new negative accounts.

There are 6 main reasons why your Credit Score dropped.

  1. You spent more money with your credit cards.
  2. You missed a payment on one of your accounts.
  3. A negative mark appeared on your credit report.
  4. An old credit card account closed.
  5. You paid off loans (student, card, personal, etc).
  6. You recently applied for a new loan or card (and a hard inquiry appeared on your report).
  7. In all of these scenarios, the #1 way to find out which affected your score drop is by reviewing your report with a professional.

In all of these scenarios, the #1 way to find out which affected your score drop is by reviewing your report with a professional.

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Call (833) 461-0151
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