Personal Finance

Credit Rating Decline?

  • Last Updated:
  • Jul 19th, 2020 8:28 pm
[OP]
Deal Addict
Jun 12, 2008
1488 posts
1019 upvotes
Ripley

Credit Rating Decline?

Has anyone noticed an odd decline in their credit rating? Mine stayed the same but my spouse's dropped 25 points. No missed payments. No changes in credit. No large purchases. We have some joint credit and some individual credit. We fully pay all of our credit card balances every month and do not have other debt.

I checked with my adult son. His decreased 3 points between May/June and July/Aug. 3 points is not a lot but nothing changed with his accounts either.

We all worked through the last few months so purchases were about the same.

I used CreditView through our RBC accounts to see the score. Nothing looks different on the Credit Report.
5 replies
Deal Addict
Dec 28, 2011
1071 posts
631 upvotes
Midland
I got declined for a credit card and thought it was werid with a 786 score and only hold one MBNA with a balance usually 200-400$ a month and credit limit 13,000
Deal Addict
Sep 3, 2019
1396 posts
1642 upvotes
GTA
I've also see single-digit changes in my credit rating - no clue why
Deal Expert
Aug 22, 2011
37769 posts
23850 upvotes
Center of Universe
TransUnion dropped by 24pts and Equifax increased by 4pts.
Doesn't matter to me, as I have nothing derogatory on file.
Deal Guru
Dec 5, 2006
13031 posts
8271 upvotes
Markham
Applied two card in past 3 weeks (momentum infinite and ctfs) and saw score drop 40 points

Don't really worry, as far as I pay, it will come back

Don't let those score slight drop impact your life
Deal Addict
Oct 27, 2012
2813 posts
4595 upvotes
Toronto
My Transunion went up 50 points last month. Don't know why. I expect it to come crashing back down once my 3 new CCs start reporting.

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