You may notice that your score goes up and down from time to time, sometimes every month. Some people worry about this, but it is a normal part of the credit score environment.

In this series we’ll cover some of the reasons why this happens.

The bureaus all have different scores for me? Hmmm?… This one is easily explained as not all lenders report to all three bureaus. Your credit score is a snapshot of what it looks like at that moment. You could be one day from when a lender reports something paid off and then your score can go up, or a late payment being reported and your score goes down the next day.  

The key to understand here is that it is perfectly natural for your score to fluctuate. It’s not something you should be overly concerned about. A 5-15 movement in your score shouldn’t be a worry. If you notice a 20+ changes in one month, you might want to take a look and see if you can spot what caused that to happen. 

So while some fluctuations are normal, keeping an eye on your score can help prevent some major problem from happening without you knowing it.

Next we’ll be looking into Rapid Rescoring. Sound interesting? It is. Watch for our next email!

Sincerely,