Sometimes, the score drops and the reasons cannot be so clear, keep reading to learn the reasons why your score may have dropped
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Keeping a good credit score keeps your financial life healthy too, because it shows the market that you are a responsible person and everything’s on track!You can find out more details in our article:
The credit score is a punctuation that goes from 300 to 850, and it shows the market how trustful you are, if you are able to receive credit and what amount you are.
What is a credit score?
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This is the main reason why your score may drop, a good history can show the market that you are responsible and honor your obligations
Missing and late payments
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It can affect negatively your score because it might mean that you don’t have much control of your finances, so you only gotta apply for them if you really want
Recently applied for many lines of credit
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The credit utilization also impacts your credit score, and the specialists recommend that you use an amount below 30%.
Big change in your credit utilization
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It’s really rare, but can happen, so it’s important to keep watchful about it too!
An error in your reports
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Have you ever used or already known one of those?You can check out more details in our article: