Why the heck did my credit score go down?

WTF! It’s been 10 months since I’ve checked my credit score. Last March, it was 727 … so how is it possible that it’s now 724!? RIDICULOUS!

I have no new credit, no balances on any cards, no new credit inquiries (hard hits), and I’m now completely out of debt.

There’s an error on my credit report though – it said that I had a 30-day late payment in May 2007 for a CitiFinancial credit card … even though I closed that account (and it’s listed as closed on the report) back in 2005. It’s odd. I haven’t even used that card since 2004. I’ll have to dispute it.

But did that one error really affect my score that much? I’m really angry. Not that I think I’ll need my credit score anytime soon … but what if this fall, I find a perfect little condo that I want to buy? What then? You never know when your credit score is going to come back and bite you in the butt. And I know my score is okay, but it just doesn’t make any sense at all. I’ve followed all the rules, and I was really hoping to get rewarded for all my hard work.

Hopefully once this blemish is corrected, my score will go back up. I’ll check again in 6 months.

Also, for those Canadians out there who want a way to check your credit score for free (I haven’t done this yet, but know that it works), please refer to a previous post I wrote last year, called Finally, a way to see your credit score for free.

One Response to “Why the heck did my credit score go down?”

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1. Give Me Back My Five Bucks » The good news, and the bad news says:

   Friday, March 5, 2010 - 02:02pm at 2:27 pm

   [...] with my mortgage broker, who informed me that my credit score is 776. :) Which is a lot better than the 724 I pulled back in January. That’s the good news – my awesome new credit [...]

   Reply

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