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83% experiences changes to their FICO® Credit Score by up to 20 points month-to-month.

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bdhu2001
Valued Contributor
‎06-17-2014 09:06 AM
‎06-17-2014 09:06 AM

83% experiences changes to their FICO® Credit Score by up to 20 points month-to-month.

Cool statement about FICO on Discover website: 

Does my FICO® Credit Score change every month?

Each time we provide your FICO® Credit Score, it’s based on the information in your TransUnion credit report at that time. As the information in your file changes, your FICO® Credit Score can also change. Making a big purchase, making a large payment, or taking out a new loan are just a few of the many reasons it could change. According to FICO, 83% of the population experiences changes to their FICO® Credit Score by up to 20 points month-to-month.

Original Mortgage maturity Sept 2044; Refi maturity Dec 2030
Starting Score: EX 751 EQ 720 TU 737 on 4/9/14
Current Score: EX 849 EQ 835 TU 843
Goal Score: 850

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EW800
Valued Contributor
‎06-17-2014 09:56 AM
‎06-17-2014 09:56 AM

Re: 83% experiences changes to their FICO® Credit Score by up to 20 points month-to-month.

I am not surprised about 83% or more having changes, however I would not have guessed that it is by 20 points or more.  Quite a swing!  

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 839; EQ8: 845; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
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HiLine
Blogger
‎06-17-2014 11:02 AM
‎06-17-2014 11:02 AM

Re: 83% experiences changes to their FICO® Credit Score by up to 20 points month-to-month.

Up to 20 points means between 1 and 20 points. So 17% experiences either no score change or a change of more than 20 points. I wouldn't call this a surprise exactly.

---> HiLine's personal finance blog - Follow my journey!  Smiley LOL


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