
If you are wondering "Why did my score drop?" It's a good idea take a look at the credit score and check for red flags. Negative factors can include missed payments and requests for credit. You should dispute a decrease in your score.
For hard inquiries
Your credit score can be affected by hard inquiries in several different ways. You will see them on your credit report up to two years after they have been filed, depending on how many. You may also see a decrease in your credit score for several months or even a year. The amount of the effect can vary depending on your credit history, but it can range from 5-10 points. Depending on your situation, one or two inquiries may not be significant, but multiple inquiries can make you look more risky to lenders.

Closing a credit account
Your credit score may be negatively affected if you close a credit card. This is because your average age of accounts will be lower. You can reduce the impact by paying off any balances on other cards in some cases. Knowing your credit score, and the reasons for it, will help you make informed decisions about closing a account.
Medical debt
Unpaid medical bills can have an impact on your credit score if you have a long history of medical debt. There are steps you could take to rebuild your credit score. First, find out if your medical debts are covered by insurance. Find out what procedures are covered under your policy if it is.
Late payments
Paying your bills on time can help you avoid credit card debt. Your credit score will not drop if you delay paying your bills for more than 30 days. In these situations, it is possible to contact your creditor and set up a repayment schedule. Automating payments or setting up reminders for payments can help you avoid missing them. In addition, avoid making large purchases on credit, as this will increase your credit utilization ratio. This ratio will account for 30% your FICO score. So the lower your credit utilization rate, the better you score.
Inaccuracies with credit reports
Credit reports that are inaccurate can affect your credit score. If you discover an error in your credit report, make sure to dispute it immediately. This can be done online by contacting credit bureaus. You should be prepared to wait thirty to forty-five days to receive a response from them. Many disputes can be resolved within two to three weeks.

Identity theft
Credit scores can be seriously affected by someone stealing your identity. This can be caused by a number of factors. The most important factor is your credit utilization ratio. Your credit utilization ratio is a key factor in determining your credit score. If your credit usage exceeds 50%, it could lead to a 100 point drop in your score. Your credit utilization ratio should not exceed 30%. There are many things that you can do to restore your credit score after you have been victim to identity theft.