Why Did my Credit Score Tank? Analyzing Credit Karma and Credit Sesame for Answers
Like every good points and miles junkie, I check my credit score with Credit Karma and Credit Sesame at least once a month. My credit score is the magic key to getting hundreds of thousands of points and miles each year from credit card sign up bonuses. Without a good/excellent credit score, I would not be approved for many of the best offers out there, so I try to take very good care of my credit score. If you are unfamiliar with Credit Karma or Credit Sesame, please read my tutorial page.
Today, I logged into my Credit Sesame account and saw the above picture. A drop of 18 points is strange since I didn’t do anything to deserve the drop. I didn’t:
- Apply for a new credit card(s)
- Close an existing credit card
- Lower my credit limit
- Forget to pay a credit card bill
- Apply for a car loan or mortgage
I still couldn’t figure out why my score dropped, so I had to do some research. Continue reading
