amitkukreja
KF Rookie
Subject Line: Urgent: Credit Score Drop - Seeking Guidance on Next Steps
Hello Community,
I hope this post finds you well. Recently, I've encountered an unexpected decrease in my Experian credit score, and I'm reaching out to seek your valuable insights and advice. Here's a breakdown of my situation:
**Credit Score Drop:**
My Experian credit score has plummeted from 809 to 784, and I'm baffled by this significant decline.
**Inquiries Overview:**
- January: 1 inquiry
- December: 1 inquiry
- November: 2 inquiries
**Concerns:**
My concern arises as I only made one credit inquiry in January, yet my credit report reflects a total of four inquiries over the past three months. Two in November, one in December, and one in January. This inconsistency is perplexing and has prompted me to seek guidance from the community.
**Attached Snapshot:**
To provide a clearer picture, I have attached a snapshot of my credit inquiries with dates and a credit score graph for your reference.
**Seeking Advice:**
I am looking for your expertise and advice on the following matters:
1. **Reason for the Credit Score Drop:** Can anyone shed light on why my credit score might have dropped despite a minimal number of inquiries?
2. **Next Course of Action:** Should I contact Experian to rectify this discrepancy, file a complaint, or take any other specific actions to address the situation?
3. **Future Credit Inquiries:** In light of this, would it be advisable for me to refrain from making any further credit inquiries until this matter is resolved?
Your collective wisdom is highly appreciated, and I believe your insights will guide me in navigating this situation effectively. Thank you in advance for your time and assistance.
Best regards,
Amit Kukreja
[Attached: Snapshot of Inquiries with Dates & Credit Score Graph]
Hello Community,
I hope this post finds you well. Recently, I've encountered an unexpected decrease in my Experian credit score, and I'm reaching out to seek your valuable insights and advice. Here's a breakdown of my situation:
**Credit Score Drop:**
My Experian credit score has plummeted from 809 to 784, and I'm baffled by this significant decline.
**Inquiries Overview:**
- January: 1 inquiry
- December: 1 inquiry
- November: 2 inquiries
**Concerns:**
My concern arises as I only made one credit inquiry in January, yet my credit report reflects a total of four inquiries over the past three months. Two in November, one in December, and one in January. This inconsistency is perplexing and has prompted me to seek guidance from the community.
**Attached Snapshot:**
To provide a clearer picture, I have attached a snapshot of my credit inquiries with dates and a credit score graph for your reference.
**Seeking Advice:**
I am looking for your expertise and advice on the following matters:
1. **Reason for the Credit Score Drop:** Can anyone shed light on why my credit score might have dropped despite a minimal number of inquiries?
2. **Next Course of Action:** Should I contact Experian to rectify this discrepancy, file a complaint, or take any other specific actions to address the situation?
3. **Future Credit Inquiries:** In light of this, would it be advisable for me to refrain from making any further credit inquiries until this matter is resolved?
Your collective wisdom is highly appreciated, and I believe your insights will guide me in navigating this situation effectively. Thank you in advance for your time and assistance.
Best regards,
Amit Kukreja
[Attached: Snapshot of Inquiries with Dates & Credit Score Graph]
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Screenshot_2024-02-02-10-53-56-974_tech.fplabs.score.jpg414.4 KB · Views: 22
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Screenshot_2024-02-02-10-54-07-060_tech.fplabs.score.jpg320.4 KB · Views: 21
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Screenshot_2024-02-02-10-53-56-974_tech.fplabs.score.jpg414.4 KB · Views: 20
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Screenshot_2024-02-02-10-54-07-060_tech.fplabs.score.jpg320.4 KB · Views: 19