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Mine swings monthly for the same reason, though not as much. The report I get tells me why it swings ('used credit balance').
by matwood 2y ago
Mine swings monthly for the same reason, though not as much. The report I get tells me why it swings ('used credit balance').
- alistairSH 2y agoYeah, I was surprised at how much it swings, but it's high enough it shouldn't matter (and easy enough to not use the cards for a month, let it rebound, then borrow whatever I need to borrow). The report from my bank never says why. It does list factors that contribute to my score, but they're all "good" (low usage as % of available, all payments on time, etc). And never change.
- matwood 2y agoI'm signed up for all the credit bureaus free accounts so I can freeze/unfreeze my credit. They send out reports monthly, along with one of my CCs. All of them have the reason. And yeah, the score is ~800 so it doesn't really matter. Still interesting to see how it moves with relatively small balance changes.