{"id":38204,"date":"2023-01-17T11:31:03","date_gmt":"2023-01-17T19:31:03","guid":{"rendered":"https:\/\/financer.com\/?post_type=wiki&p=38204"},"modified":"2024-01-19T08:14:32","modified_gmt":"2024-01-19T16:14:32","slug":"why-did-my-credit-score-drop","status":"publish","type":"wiki","link":"https:\/\/financer.com\/personal-finance\/articles\/why-did-my-credit-score-drop\/","title":{"rendered":"Why Did My Credit Score Drop: 9 Reasons and How To Fix It"},"content":{"rendered":"\n

Your credit score<\/a> is important. It’s a number that potential lenders look at to decide whether or not to give you a loan. <\/p>\n\n\n\n

A good credit score means you’re more likely to be approved for a loan with a lower interest rate. A bad credit score could mean you won’t be approved for a loan at all.<\/p>\n\n\n\n

A drop in your credit score can be alarming, but there are some common reasons why it may have happened. <\/p>\n\n\n\n

Here are some of the factors that can negatively impact your credit score:<\/p>\n\n\n\n