If you monitor your credit score, you may be like this reader — scratching your head wondering why it changes so often.
Here’s this week’s reader question:
My Discover card started providing my credit score free each month. What I don’t understand is why it was 814 one month, then 794 the next and now it is 803. Nothing has changed in my life. I didn’t open up any new credit cards, my home has been paid off since 2004 and my car was paid off in 2007. I pay all my bills each month in full and on time. So why the fluctuation in my credit score?
While I have to tip my hat to Discover for doing what’s right – providing free credit scores – seeing your credit score too often, as well as from too many sources, can create confusion.