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Credit Score Question

A

andy04

Golden Member
My credit score has been going up and down like anything, around 40 points in the last 6 or 7 months. Around Aug last year it was about 690 then jumped to 730 in 2 months. Then came down to 680 around Nov then jumped to 720 in Feb, then came down to 680 again now. I charged around 3Gs around July 06 and another 3Gs around Sept for Furniture. In Jan 07 I paid off a Car Loan... Besides that I didnt do anything big besides that... Any idea why its happening or is it normal...

Its Happening to both me and my Wife

Its happening to the score from all 3 agencies
 
what is the line of credit for the card you put 3k on? if the LOC is low, that mean your utilization is high. thus, your credit score drop.
 
Mine does this as well. I attribute it to fluctuations in my debt/possible debt ratio. I.E. I charge $600/6300 one month and pay it off. Then $1200/6300 the next and pay it off. Even though I pay it off, it still effects my credit score.
 
So that might be it then, There a CC with 5K limit and I use it for everything even rent and hence charge around 2K each month then pay it off. I guess thats whats doing it
 
why the heck are you watching your credit rating on a monthly basis? that seems a little obsessive to me ...
 
He could be looking to get a loan. A difference of 40pts (680-720) could mean a rate that is a couple of tenths of a percent better or worse. This is exactly what I've been doing.
 
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