Why has my credit score......?

Dave what I think happened is that work being effected by the economy as a whole. You will have to have that fixed yourself as it will reflect who you NOT are credit wise. Many people including myself with no bad credit and large sums of money in the bank have had lower credit ratings depending on investments made property bought or the bank they are associated with. Check into it and correct it as soon as possible. If you like E mail me and I'll try to help

\signed

More Alikable Mike than most think

Have you checked your actual credit report (AnnualCreditReport.com)?

Not all scores are the same. Are you sure you are comparing the score method as last year? Third party monitoring services use Fakko scores. All three credit bureaus now sell consumers non-FICO scores that are on different scales than FICO. Equifax recently changed to their own score method which has a lower starting point than FICO.

Creditors use FICO. The only place consumers can get real FICO scores is MyFico.com.

Also, it is normal for your FICO score to be different at each of the three credit bureaus.

Keep in mind that even your FICO score is really only a very small part of any credit decision. What shows on your actual credit report is much more important. Check your reports annually for accuracy and pay all your bills on time. Your score will take care of itself.

Credit scoring is somewhat of a mystery, but all else being equal, if you have a lower outstanding credit amount versus your overall credit available, your score can actually go down. In other words, if you have $50,000 in available credit and last year you owed $5,000 and this year $3,000 your score could go down. Stupid? Yes. But that's the way it is.

We aren't psychic. We have no way to know.