
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. You can have your score negatively affected by late payments or unsuccessful credit applications. Refusal to dispute any recent drop 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. Your score will be affected for anywhere from a few months up to a full year. The extent of the effect depends on your credit health. However, it can be anywhere from five to ten percent. Depending upon your situation, just one or two inquiries may not prove significant. However multiple inquiries can make you appear more risky to lenders.

Closing a credit card
Credit score can be affected by closing a credit line. This is because your average age of accounts will be lower. In certain cases, you may be able reduce the effect by repaying the balance on your other cards. Understanding your credit score and the reasons it will be affected can help you make more informed decisions about closing an account.
Medical debt
Unpaid medical bills can have an impact on your credit score if you have a long history of medical debt. Thankfully, there are some steps you can take to restore your credit score. First, determine if you have insurance that covers medical debt. Find out what procedures are covered under your policy if it is.
Late payments
Late payments hurt your credit score, but they can be avoided by paying off your bills as early as possible. If you miss more than 30 consecutive days of payments, your credit score will drop. In these situations, it is possible to contact your creditor and set up a repayment schedule. Setting up automatic payments can prevent you from missing your payments. 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 in Credit Reports
Inaccuracies on credit reports can harm your credit score. You can do this by contacting the credit bureaus online. It is best to expect a response within thirty to forty-five working days. However, most disputes are resolved in two weeks.

Identity theft
Your credit score can be severely affected if someone steals your identity. This can be caused by a number of factors. One of the most significant factors is your credit utilization ratio. If you're using more than 50% of your available credit to make payments, your score could drop by 100 points. Keep your credit utilization ratio under 30%. There are many things that you can do to restore your credit score after you have been victim to identity theft.