Open Question: My credit score has dropped from a 750 to a 650 in 1 year...why?

[Administrator]

I have a renter living in one of my properties and had the utilities in my name(my first mistake). I just found out that she hasn't been paying them! She has finally made current all utilities including the $1000 p/d balance to the gas company. Everything is now in her name. I ran my credit report and the only adverse event listed is that the gas bill was 120 p/d because of my tenant. I also noticed my total mortgages are listed as $750K for both of my properties. This is about $250K too much but I believe it was because I just refinanced. My question is can a p/d utility of 120 days drop my score by 100 pts? Or is the fact that mortgages are so high? Can having too much of a mortgage bring my score down? I also need to know if there is anything I can do to delete those p/d utilities on my credit report and if not how long will it take to bring my score up? Thanks in advance!!!


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