| Who else is wondering how often they should check | | | | today. This is an evolving process that corresponds |
| their credit score? If you are anything like I was when I | | | | with the passage of time...and small changes in the |
| first got started learning about my credit, (and trying | | | | calendar can actually have significant changes in your |
| hard to fix it!) the very first question that comes to | | | | credit score! (and resulting attractiveness to lenders |
| mind is how often do I need to CHECK my actual | | | | who use it) |
| score to stay current? Does it change daily...weekly, | | | | Filed Under: My Rule of Thumb |
| monthly or what? And how important is it to know at | | | | You should DEFINITELY check your score every 6 |
| any given time what those 3 digits are? Any of this | | | | months, with my personal preference being far more |
| sound familiar? If it does...we've written this article with | | | | frequently. (90 days maximum.....every month is optimal |
| YOU in mind! Continue reading as we take a closer | | | | for me) But, the other key component to deciding |
| look below! | | | | when (or if) to check your credit is based on your |
| Filed Under: Your Credit Score Changes Frequently...... | | | | upcoming buying habits, or needs. If you are about to |
| But they are typically NOT major changes...or vast | | | | apply for a new job, for example, checking your credit |
| fluctuations, simply due to how the bureaus update and | | | | is crucial. |
| report information. For the most part, the credit | | | | So too is insurance or even something small like a |
| bureaus only update major information on a 30 day | | | | rental. For bigger buying decisions like a house, or |
| basis, when they are apprised of updates to your | | | | car.....you MUST check your credit score prior to |
| status from your creditors. But, with that being said, | | | | applying, as NOT doing so is the sort of thing that |
| credit scoring is a purely mathematical, predictive | | | | leads to the disastrous credit meltdown we've just |
| model of gauging risk! This means that there can be | | | | gone through as a country! |
| variations in your score as simple and seemingly subtle | | | | People who DON'T know (and monitor or understand) |
| things shift and are WEIGHTED differently as time | | | | their credit are far more likely to accept sub optimal |
| passes. | | | | loans, financing and "deals" that are NOT in their best |
| For example...there are key benchmarks, from a time | | | | interests...and can become catastrophic for the country |
| standpoint, that determine how dramatically a previous | | | | overall as well. |
| "negative" entry on your file will count against you | | | | |