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Can my credit score change drastically in one month?

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While searching for a mortgage loan, the lender told me that my credit score is good. However, I did not take out a mortgage at that time. after about a month, while applying for a credit card, the bank told me that my credit score is not good. How can that happen? Is there any kind of error that I need to fix? I have not defaulted on any payment in that month.




Hello, My Dear!
I have read your story thoroughly. Take it calmly!

What I think will be better for you is to check the credit score all by yourself. Do not believe in the bank representative’s word.

You would better check your credit score from your existing credit card company or from free-credit card score checking websites.

I think the bank you have applied for the credit card is interested in giving you a mortgage loan but not a credit card.

I think you will better apply for the new credit card from another bank and check your credit score beforehand.
That’s all! Thanks for posting!

Sub: #1 posted on Mon, 03/16/2020 - 01:19

Ryan Miller Ryan Miller

(Posts: 164 | Credits: )

See your credit score can change within a month. Check your credit report and find out if there are any inaccurate negative item on it. One inaccurate negative item on your credit report is enough to drop your credit score. If there is any inaccurate error, then you can ask the credit bureau to remove it from your credit report. Your credit score may also have dropped due to a sudden increase in your credit utilization ratio.





Sub: #2 posted on Tue, 03/17/2020 - 02:30

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

Review your credit report properly. There can be some error that needs to be rectified. If you find any mistake, then dispute t with the 3 credit bureaus.

Sub: #3 posted on Fri, 03/27/2020 - 04:04

sanderspatricia29 sanderspatricia29

(Posts: 1234 | Credits: )

Well, no doubt, you can get a preferential interest rate for your mortgage loan if you have a good credit score! But if you have noticed a drastic drop in your credit score suddenly, I would suggest you check your credit report once. You can pull out credit report from each of the bureaus free of cost once a year. if you find any error, dispute it asap!

Sub: #4 posted on Sun, 03/29/2020 - 09:48

Craigh.terry Craigh.terry

(Posts: 216 | Credits: )

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