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I use Citi Identity Monitor to check any changes to my Experian Credit Report. Anytime there is an inquiry or a new credit line opened on my account, I am notified immediately. That said, my actual credit score has remained the same on this report since I first gained access, just a little less than a year ago. Why hasn’t my credit score changed at all in the last year, when I have opened new lines of credit, and paid off loans? Any help would be greatly appreciated. Thanks.
I have been paying off all of my cards in full every month and I have no balances on my credit cards at the end of each month. Also, I have already gotten and paid off a 4 year loan in less than 3 months. My question is, why hasn’t my credit score changed at all in the last year (neither increased or decreased) based on the Experian Report?

8 Thoughts on Why hasn’t my credit score changed in almost a year?
  1. Reply
    Judy
    August 27, 2011 at 8:24 am

    I read in Kiplinger Magazine that paying off a maxed out card can increase your credit score by 100 points in 30 to 45 days.
    A card is considered maxed out when it reaches 75% of it’s available credit limit – according to the fico.

    Are you carrying balances on your credit cards?
    Pay them off in full each month – you’ll see a huge jump.
    Also, any time you usre more than 20 to 30% of your available credit limits on your cards you are lowering your score.

    Could it be that you are carrying credit card balances?
    It is 100% myth that doing this is good for credit.
    Nothing, but nothing could be further from the truth.

    Use them for small things you need like food or gas, and pay them in full each month.
    —————
    Additional notes:
    If you are paying in full each month – you have GREAT credit already.
    Top scores above 740 to 760 hare VERY hard to attain.
    Plus – you don’t ever need higher than that to get the best loan rates.
    Note: never close old credit card or delete old loans.
    Length of credit history is 15% of your fico.
    Maybe your score just needs time.
    It takes 10 to 20 years to develop length of credit history.
    ———-
    Next time you make a loan – keep paying on it for at least 1 year.
    /

  2. Reply
    Paul L
    August 27, 2011 at 8:42 am

    It could be that the score you are seeing is just carried over from the time you first signed up with Identity Monitor. Don’t forget that there are 3 main credit reporting agencies – Experian is only one of them. Or it could be that the new lines of credit and loans that you have paid off do not report to Experian, but to one of the other 2. I must say that I do find that odd though – that your score hasn’t changed in a year. I would think that it would have given your credit activities. You will probably have to ask Citi to check on it – preferable someone who handles the Identity Monitor accounts…

    Good luck.

  3. Reply
    Pamela
    August 27, 2011 at 9:41 am

    First, don’t open anymore credit cards. Keep using existing credit cards and keep paying them off as soon as you get the bill. Second don’t rack up your existing credit cards as your debt to income ratio will negatively impact your credit. On average it takes a full year to see changes in your credit score. It can remain the same if there are no dramatic changes and activity. Such as the amount of activity on your credit by companies or applying for loans on your behalf. Google how to raise credit score if this is what you are trying to do. It can give you quite a bit of suggestions.

  4. Reply
    BungalowMo
    August 27, 2011 at 10:13 am

    Whatever score you are seeing from Experian…it is NOT a FICO score. We consumers have not been able to purchase our EX FICO since Feb of 09. What you are seeing is a “Plus” score, which has absolutely no value whatsoever.

    You can get your Equifax and Transunion FICO scores here –> http://www.myfico.com/Default.aspx
    And get a discount code to purchase them here –> http://creditboards.com/forums/index.php?showtopic=30893&st=2575 They let you try different codes before checkout to see which ones are working on any particular day.

    Any scores purchased from a 3rd party or the credit reporting agency websites are fake and useless. On Equifax, you can get a FICO, but only when you subscribe to one of their products, like scorewatch. But there, you get no discount. I have scorewatch through myFICO & get new ones (reports & FICO’s) for $ 10 & change whenever I choose.

  5. Reply
    drive_55_not
    August 27, 2011 at 10:46 am

    You aren’t getting your real credit score thru that CITI product,,

    You can check your Trans Union and Equifax scores at MyFico.com … You have to purchase them,, they ain’t free …

    You can’t get your Experian score anymore, Unless you apply for credit and the lender pulls your Experian scores and they give it to you …

    ..

  6. Reply
    bdancer222
    August 27, 2011 at 11:41 am

    First, it takes time to build good credit. New credit cards don’t even count in your FICO score till the 6 month point. You are not likely to see a lot of change in only one year.

    Second, paying for a monitoring service is a complete waste of money. You don’t need to check your credit report every month. There are three different credit bureaus and you are only getting a report from Experian. And you are getting a Fakko score, not a FICO that creditors use.

    Paying off your credit cards in full every month is a good way to build good payment history. However, paying off the installment loan after only 3 months didn’t do anything for your score. Installment loans build credit by making the payments over time. You have to pay on an installment loan for at least 12 months to see much impact on your score. Paying off an installment loan early does nothing to help your score, although you do save a lot of interest.

    Good credit is build over time. You need at least 24 months of consistent, on time credit history to see improvement in your score. But stop obsessing over your score. Just check your credit reports annually for accuracy and pay all your bills on time. Your score will take care of itself.

  7. Reply
    StephenWeinstein
    August 27, 2011 at 11:50 am

    Your actual score has changed. The score reported to you by Citi Indentity monitor has not changed because Citi Identity Monitor is reporting what your score was when you get the service, not what it is now.

  8. Reply
    Richard
    August 27, 2011 at 12:08 pm

    Probably you have some wrong items in your credit report. Use credit repair service to find and remove such bad stuff from your credit – credit-report-free.totalh.com

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