Question:

Why does my credit score decrease when i am a victim of credit card fraud?

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Why does my credit score decrease when i am a victim of credit card fraud?

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2 ANSWERS


  1. The fraudulent items show up on your credit file and are included in your score calculation.   Dispute the items and when they are removed, your score will rebound.


  2. Because you have some wrong items in your credit report.

    You can use credit repair agency to fix your credit - for example this one - http://freecreditreport.hotusa.org - They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

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