Frequently Asked Questions(FAQ)

Why does my credit score keep going down if I pay everything on time?

If your credit score randomly dropped, but you consistently make your payments on time it could be due to other factors, such as high credit utilization or errors on your credit report. It's important to regularly check your credit report to ensure that it accurately reflects your credit history and dispute any errors that may be negatively impacting your credit score. 

How will I know if my credit score has changed?

You can regularly monitor your credit score for changes by checking your credit report and score. allows you to check your score weekly with the major credit reporting agencies, Equifax, Experian, or TransUnion. 

Many credit card companies and financial institutions also provide free credit score monitoring services to their customers. 

When should I be worried about changes in my credit score?

If there is a significant and unexpected drop, you may want to start worrying, as this could be an indication of a negative event on your credit report or a potential error. However, if you’ve recently applied for a credit card or taken out a loan, it's normal for your credit score to temporarily dip as a result of the hard inquiry or new account. 


About the Authors

Christopher Murray

Written by: Christopher Murray

Personal Finance Expert

Christopher Murray is a professional personal finance and sustainability writer and editor who enjoys writing about everything from budgeting and saving to unique investing options like SRI and cryptocurrency.

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