credit score

iVillage Member
Registered: 04-02-2003
credit score
1
Sat, 04-23-2005 - 2:42am
As a victim of ID theft I enrolled in a program with my bank - for $12 a month they monitor all three of my credit reports and let me know if new accounts appear etc. It also lets me know what my credit score is on a quarterly basis. Last quarter it was up to 730 but this quarter it dropped to 712. I know it isn't that big of a deal since it is a good score but I don't know why it dropped. I haven't closed/opened new accounts and I have been trying to pay off my balances. The only major occurance was that I transferred the balance on one card to the other so I have one payment. Does anyone know why a score would fluctuate like that?
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
In reply to: suzyq1981
Sat, 04-23-2005 - 9:43am

When you transferred the balance from one card to the other, did you close the card that you transferred the balance off of?

All my best,
Danni