DO CREDIT SCORES CHANGE THAT MUCH
In general, Credit scores do not change that much
over time. But it's important to note that your
Credit score is calculated each time you request
it either you or a lender.
So, when your credit report changes, your
Credit score can also change.
Factors causing the change
For example, if someone who usually pays
bills on-time continues to do so (a positive action)
then there will likely be only a small impact on their
score one month later.
On the other hand, if this same person
files for bankruptcy or misses a payment,
then there will most likely be a substantial impact
on their score one month later.
There is sometimes a wait time between when
you perform an action
when it is reported by the creditor to the credit bureau.
It's only when the credit bureau has the updated
information that it will have an affect on your Credit score.
Small changes in your score can be important
if you're looking to obtain a certain Credit score level
or if you are striving to reach a certain lender's
Credit score "cutoff" (the point above which a lender
would accept a new application for credit, but
below which, the credit application would be denied).
Credit scores change over time - how you have
managed your credit to date will affect how a
particular action may impact your score.
For example, new information on your credit
report, such as opening a new credit account, is
more likely to have a larger impact for someone
with a limited credit history as compared to someone
with a very full credit history.