Business & Investing
Sponsored by

Credit Score randomly jumping

1,396 Views | 7 Replies | Last: 2 yr ago by MoreCushing4thePushing
MoreCushing4thePushing
How long do you want to ignore this user?
AG
TecRecAg
How long do you want to ignore this user?
AG
I monitor mine once a month or so. You have something going on with your credit and you should consult a professional.
jagged
How long do you want to ignore this user?
AG
If you drill into the categories of what make up the overall score (credit used vs. available, oldest accounts, delinquencies, inquiries, etc ) does it not show any of those trending up or down?
MoreCushing4thePushing
How long do you want to ignore this user?
AG
Troy91
How long do you want to ignore this user?
AG
IMO, Experian is trying to drive traffic to their site to sell other services.

I don't think the free Experian credit score is used by anyone else.
JSKolache
How long do you want to ignore this user?
AG
Just curious why monitoring? (Disclaimer: I have no idea what mine is and I don't really care.)
agcrock2005
How long do you want to ignore this user?
AG
I'm in the middle of building a house and we're financing through builder. We currently have no debt but will finance the house. We pay off credit card every month and my credit wasn't as good as I had expected. Consulted Credit Saint to figure out what's going on and they let me know that I was getting dinged because while I was paying my credit card off monthly, when the credit card reported to credit bureau's was a week before my payment was due so the balance on my card was pretty high. I started paying my credit card twice a month and it shot back up to close to 800 in a couple months. I had no idea it worked that way.
agcrock2005
How long do you want to ignore this user?
AG
JSKolache said:

Just curious why monitoring? (Disclaimer: I have no idea what mine is and I don't really care.)
I realize this is the business and investing forum so you probably already know this, but first thing that comes to mind is it can have a drastic effect on the interest rate a lender will give you on big purchases, specifically a house. It could be the difference between a 2.8 and 4% rate on a 30 year which could amount to tens of thousands of dollars.

EDIT: I didn't know what mine was either until I started to build our house late last year and found out it was lower than I thought it would be.
MoreCushing4thePushing
How long do you want to ignore this user?
AG
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.