So sometime in the late summer or early fall my credit score dropped by seventy points. My credit score dropped below 800 for the first time in I don’t know how long, possibly over a decade.
The only thing I could think of that caused this drop is that I forgot to pay one of credit card bills one month. I only use two credit cards and the one I forgot to pay doesn’t have an “auto-pay” feature. So every month, I have a scheduled reminder which tells me to go pay my bill. It’s a bit old school because a lot of bills now have some measure of automation that allows you to draw money of out an account to pay said bill.
Anyways, it’s a bit interesting to see that one missed bill can cause a drop of nearly 100 points. I’m not too concerned because my mortgage doesn’t need renewal anytime soon and I’m not looking to borrow money otherwise either. Also, my credit score is back above 800 now though not to where it was before.
This is a reminder to me to not to screw up my credit score in the time leading up to my mortgage renewal.