My [2] credit cards combined, about $7-$10k monthly, lots of use, full payoff when due...You rolling your credit card balance? Like, lots of use and payoffs? Or keeping it steady?
Companies pinging your credit record to determine if they want to offer you a great deal on a credit card?I see almost every month a gain and a loss anywhere from about 10 points to 15 points. Last month was just like this month, same bills I pay off my credit cards every month and have for the past almost 40 years. Every bill I have is paid in full [except truck and home], not late payments EVER. Just cannot figure this up and down cycle. Sometimes it moves 1, yes ONE point, WTH???
Nope, got 2 cards thru my bank over 20 years ago. I get an email whenever my credit score changes and go to the Experian site and log in. Sadly it tells very little, in fact just that it moved x points up or down. I can go back a couple of years and what I see is the same cycle up and then down, then up and then down. It does not go up 2 times in a row nor down twice in a row. It looks like a wave pattern +/- about 10 points average. Its not logical in my head and since my months are repeatable. I only have a few payments: Truck, House, 2 Visa cards, electric bill and combined auto/property insurance bill, that is all I make recurring payments on.Companies pinging your credit record to determine if they want to offer you a great deal on a credit card?
Experian...What source are you using to get your scores?
Yea, a business I know near nothing about and the wave [up/down] pattern I found just weird. The only payments I have that are fixed are truck and house...BUT I pay more than the fixed amount. I typically buy a car or house for X years or months of payments, but I make a different payment on each almost every month, ALWAYS more than the agreed contract amount, I just sweep excess funds into car and house and pay them off sooner that way. Could be possible that influences the wave pattern???Depends on when the CC company reports to the big 3 and when KK updates from them. I've seen it work out where I had paid off the balance but it reported the balance I had just paid off. Just a timing thing but my % of credit usage to available was high even though it was in fact 0 and dinged my score. It evens out over time but frequent snapshots will drive you crazy.
Experian...
My bank tells me my credit score every month, and KK sends monthly updates. When I bought my truck a few months ago, the dealer told me my credit score, and it was 50 points higher than what I thought going in. Of course I took a hit for the couple months after buying it, but now it’s balanced back out again.Depends on where you are checking it.
Credit Karma showed that mine took a hit when I paid off my wife’s car. When I went to get a Polaris SxS equifax or whatever it was showed it to be up.
IME, the 2 shown on sites like Credit Karma are never used when I actually need to get approved and their scores are usually not a good indicator of what my credit score really is.
Sent from my iPhone using Tapatalk