Why did my credit score drop significantly?

My Costco Amex card was switched to a Visa.  I paid off 2 vehicle loans.  Plus my mortgage company sold the loan as they normally do, to another company.  

This means the credit card account was closed, no fault of my own.  Two paid-off loans were also closed...once again, I didn't close them.  My old mortgage company closed the original loan, after they sold it.  But my credit score dropped significantly.  Should I try to get my credit report corrected?

Answer

Hi  Needa916, 


Thanks for reaching out to us. 

We're sorry for the trouble. According to the Consumer Finance Protection Bureau (http://files.consumerfinance.gov/f/201212_cfpb_credit-reporting-white-paper.pdf), about 19% of credit reports have potential errors in them. 

You can contact Equifax directly by clicking the link at the bottom of the Credit Score page. When you click the “Contact Equifax” link, a popup appears with information on how to contact Equifax by mail or via their online dispute form.

Thank you for using Mint! 


Mint Steph
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