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Why Did My Credit Score Go Down When Nothing Changed?

CreditStrong for Business

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.

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How Long Does a Charge-Off Stay on Your Credit Report? 

CreditStrong for Business

The consumer credit industry has a secondary market composed of debt buyers or bad debt collectors that will pursue collection accounts after the original creditor has charged off a delinquent balance. How Long Does It Stay on My Credit Report For? How Much Can a Charge-Off Hurt My Credit Score By?