score just dropped… due to auto loan??

Tips and Deals Forums Consumer Credit Improve credit score just dropped… due to auto loan??

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      I’ve been working on rebuilding for several months. My credit union loan officer helped me identify what to pay (even let me skip some medicals) and I got an auto loan at their regular, very good rate! Now, one month later, my score dropped from 627 to 607. Scorewatch said it MAY be due to “heavy use of revolving credit”. Which is not true… I only have one teeny credit card and I keep it paid most all the time. Would the auto loan have done that? And will the score start to go back up once some payment history is reported?


      Second question.. a couple of the bills I paid are still reporting unpaid after nearly 60 days. Is this within normal range, or should I contact the lender and/or dispute?


      Thanks for all the great info here!

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