"WHY Does My Credit Score Go Up And Down ?"

Your credit score seems to be changing for no reason. Don't go crazy wondering WHY your credit score bounces like a ball. Your score will always go up and down as a reaction to your actions. Your credit score is a mathematical reflection of your daily money management decisions.

You get up in the morning, head out for work, stop for gas, pick up a sandwich for your lunch, drop by the dry cleaners, drive through at the pharmacy to pickup a prescription, drop your child off at the daycare and pay for this week's child care. All of these transactions just in the morning before you go to work. Once at the office you pay your personal bills; paying online and some by regular mail, again transactions that creates changes in your credit score.

Yes, your credit score is like a bouncing ball, each action is given a mathematical point that creates your score.! You can now see how fragile your credit score is, how easily it can drop, think of it as being liquid, ever changing, never permanent, and at the same time, understand the credit scores can be raised through certain actions as well.

A charge on a credit card, is an action equates to “activity” which triggers an alert in your history, and may lower your score. A FICO credit score could go down just because there are changes and those changes are NOT reported as an alert. Then it could go down just because there are multiple changes on the credit report in the same day, even though some of the changes are good.

As you can see satisfying the whims of the credit bureaus’ computer system is tricky. You could actually pay off a debt and lower your credit score at the same time. You never want to close an account and do want to keep all accounts active. If accounts are inactive then the creditors will close it and that really lowers your score.

A balance increase on any one of your accounts may lower a FICO score. Or maxing out a card, going over the debt to credit ratio limit, which is usually determined by any amount of debt over 40% of the credit limit. The lowered score can be raised by simply applying payment to reduce the debt back down, changing your debt to credit ratio, especially if you bring it under that 40% limit. Bottom line, credit is not carved in stone, and with professional guidance you can learn the skills to maintain your score from bouncing out of control.

Contact Spectrum Resources, (863) 967-0660, a seven year old organization dedicated to assisting people in learning how to live inside their income. One of the resources Spectrum Resources has is a program where the client works directly with a paralegal and our certified counselors to navigate through the ever changing rules of building good credit scores. Your score will go up in 75 Days - Guaranteed ! Visit: www.CreditJusticeServices.com/?ccc=1242




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