Why has my Credit Score Gone Down (2024)

New accounts

Whether or not you’re accepted, 'hard' credit searchescould affect your credit score, especially if you make a number of full credit applications in a short period of time.

When you’re approved for new credit, the average age of your accounts will drop, which might also reduce your credit score. However, if you continue to manage your accounts well, not only will your score recover, but it could even improve.

Why has my Credit Score Gone Down (2024)
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