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Question Have anyone's scores dropped this year?

Member
Dec 6, 2020
25
Occupation
Small Business Owner
I noticed that my overall credit scores are down from last year even though I have been paying things on time and have been good with everything. I have not had to pause for a month or two like millions out there have. I am not sure why my scores have dropped. Can this be because of everyone else? I never heard of such a thing so I am confused.
 
Member
Staff member
May 25, 2020
39
Boston
The biggest "reason" I've seen is because one's credit utilization ratio increased due to the addition of a new credit card or something like that. But again, this has always been an increase in the usage of existing cards. But here are some cases where a score dropped without a change in fiscal behavior.
 
Member
Feb 18, 2022
25
Occupation
DIY'er
My scores go up and down a little all the time and this is down to what I do with my money. In most cases, if you are just paying things and not opening new credit or loans, your scores should see a gradual increase every few months.
 
Member
May 26, 2022
25
Occupation
Contractor
I have seen my scores drop in 2020 and 2021 but they have not dropped this year. I had not done much different in the prior 2 years. I think this was the banks doing changes.
 
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