And just like that, I’m no longer in the 800+ credit score club full of beautiful people. As part of my mortgage application process, the bank had to pull my credit score. The big white envelope in the mail with the results reminded me of my college acceptance letter way back in 1994. When I opened it, I was disappointed to discover my credit score dropped to 790 from 805.
Since September, 2013 when I first broke the 800 credit score mark when I applied for my Discover It credit card for travel and double the rewards points, I’ve done nothing different. Every single mortgage, utility, and credit card bill has been paid in full without fail. Actually, that’s not true. I was a week late on one credit card payment because I was traveling. I gave them a ring and they dropped the late fee and said no problem. (See: How Does A Late Credit Card Payment Affect My Credit Score)
So I wonder, what could have hurt my credit score in just six short months. Perhaps you, too, have seen a decline in your credit score without any apparent reason. Let’s think things through.