Wednesday, December 10, 2014

What Makes Your FICO Score Change Each Month?

YOUR FICO SCORE CAN CHANGE EVERY DAY 

Did you know that your credit score is different day-by-day?
Many U.S. consumers believe that credit scores are assigned and do not change. The reality is that FICO scores are fluid.
FICO credit scores are a snapshot of your credit record at the exact moment your credit report is pulled. Your scores, therefore, fluctuate as the information within in your credit report changes.
From day-to-day and week-to-week, there are a number of factors which affect your FICO score which, in turn, affects the mortgage rates you get from a bank.
The largest influencers are discussed below.








click here for the rest of the story from the mortgage reports

Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

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