Credit scores are an important factor that lenders use when making approval decisions. A lower score might disqualify you from certain loans, while a higher score might increase your chances for approval.

When you’re thinking about applying for a loan or looking for ways to increase your credit score, you might wonder how often your credit score changes.

How Often Does a Credit Score Change?

Credit scores can change frequently, depending on your financial situation. Any time one of your creditors reports something to one of the major credit bureaus (Experian, Equifax, and TransUnion), it could potentially change your credit score. Creditors often report to the credit bureaus once a month, though it is sometimes more often.

So your credit score can change as often as daily, possibly even more than once on a given day. Since creditors might report information to the different credit bureaus at different times, it’s also possible that you may have variations in your scores from each of the three bureaus.

What Factors Can Impact a Credit Score?

There are a number of things can impact your credit score, including:

• Payment history
• Credit usage/amount owed
• Age of accounts/length of credit history
• Credit account types
• Number of new credit accounts and hard inquires

Monitor your credit to keep track of what factors are influencing your personal credit score. You can get a free copy of each of the three major reports once a year through annualcreditreport.com.