Has anyone’s credit score dropped dramatically? Mine dropped almost 20 points in one month and the reason says because the age of my accounts are low but I haven’t opened any new ones? wondering if it’s covid related somehow?

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The credit rating agencies modified their calculation methodology a few months ago. Adjusted the weights across the metrics. You should be able to find this on google relatively easily.

likehelpful

Some are dropping credit limits too I hear...that would show why utilization is up...

likehelpful

Same but mine says my credit card utilization went up but I haven’t touched my credit card in weeks...

helpful

Mine too

Did you close any recently?

No I haven’t. But I haven’t used my cards in like a month because I went home... could that be a reason?

My score actually skyrocketed about 40 points recently

Nope! 821 baby

💁‍♀️

Did you check the actual report to make sure no new credit was opened? Also check your credit card statements.

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