If you are confused after a recent review of your credit score, Credit Karma’s blog post sheds a lot of light on what factors into your report.
Those factors include missing payments, applications for new credit, adjustments to your credit limit and closing an old account to name a few. The post highlights the extreme lags and the overall delayed relationship your spending habits have with your actual credit report.
Think of it like a sleeping animal: no sudden movements or it will get angry. If you plan on taking out a loan or refinancing, don’t even think of doing anything that could affect your score because chances are, it will. Credit Karma offers great tools to monitor your credit score for free so you can know the best time to access your credit.
You can read the entire post here.