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Why did my credit score drop from 642 to 606 in 9 days? I filed bankruptcy 2 years ago and filed on everything. I bought a vehicle in July 2008 and had the payment taken out of my bank account directly. It was paid off in June 2009. I now have a small credit card and a loan. They are both in good standing with no late reportings. Please give me a suggestion on what I could do on this matter? I have spoken with several people from Experian credit and free credit report and no one can tell me why the credit score is dropping so dramatically.
This reall y does sound like a mystery to me. I first thought it could be from you opening new lines of credit but if they are in good standing I can not see how that would make your score drop. Surely experian could tell you how to find out this information. Sometimes these places upset me because they should be the one to guide you in the right direction when trying to clarify this matter. Please hold on because there are good experts here who can maybe shine some light on this subject.
Credit Score
Thank you if you know any good experts please guide them to looking into this situation.
Hi philliphampton1966
Have you checked your credit report lately? Your report will be able to tell you if there is any faulty debt on your account. It might be because of some misrepresentation which you are not aware of. Check your report and do get back to us.
Credit Score
I checked my report yesterday and everything that I filed bankruptcy on says discharged chapter 7 bankruptcy and the other 2 accounts are in good standing.
Thank you
Phillip
Hi Phillip
Well, I believe your credit score is falling because of the bankruptcy discharge on your account. You cannot do anything as of now in this regard for another 2-3 years. Only after this period is over that your score will show a positive sign of moving upwards. Till then you will have to be patient.