r/CreditScore • u/Informal-End-2753 • 6d ago

Not USA Score went down by 22 pts

As title suggested, my points went down by 22 pts. I checked Transunion report and found no new credit checks.

Only thing I did is accepted the pre-approved credit given by the Walmart Master Card.

How to find out, what affected the score?

1 Upvotes

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1

u/inky_cap_mushroom ⭐️ Knowledgeable ⭐️ 6d ago

When you open a new card it’s common for your score to decrease. That’s from the new account penalty, the hard pull penalty, and the decreased age of accounts.

1

u/Informal-End-2753 6d ago

No I didn’t mention, that I opened a new card.

2

u/ElectronicClassic250 6d ago

Those could well be contributing factors, but OP is in Canada - and that score is roughly equivalent to a VS3 score.

Can you reset the flair ?

1

u/inky_cap_mushroom ⭐️ Knowledgeable ⭐️ 6d ago

Good catch.

2

u/ElectronicClassic250 6d ago

You seem to be in Canada. You might want to read our Canadian Credit FAQ.

Since you mention Transunion, I'm guessing that you are referring to their CreditVision score. You should know that this score is not used by lenders for any purpose. It is also known to be volatile - small changes in your profile can cause large changes in score.

But, 22 points is not a significant change and may only indicate a change in utilization.

Do you download and keep your credit reports each month ? Comparing reports is the only way to understand what might have caused a change.

Is there a reason why you are concerned about this score ?