Should You Check Your Credit Score Daily?

You know that your credit score fluctuates often. But did you know you can check your Vantage Score ratings from Equifax and TransUnion rating every day through Credit Karma? 


With daily updates, it’s easier to monitor your progress while building your credit or watch for potentially fraudulent activity. Additionally, you’ll have a better idea for the best time to apply for a personal loan, new credit card, or even a mortgage, so you get a better offer.


How Frequently Does Your Credit Score Change?

You actually have multiple credit scores, and they fluctuate at any given time for two main reasons. 


First, your credit history gets longer every day. For example, this means that even if you have a negative mark on your record, such as a late payment, the effect it has on your score may gradually wane as your account ages. That’s why it’s beneficial to have a long history of credit.


The second is that lenders, creditors, and any organization that reports your activity to the three major credit bureaus do so regularly. This activity includes bill payments, paying off debt, taking on more of it, and more.


Depending on how many accounts your hold and when creditors report your activity, your credit could vary monthly or even several times per day.


How Frequently Do Lenders Report To The Credit Bureaus?

According to Credit Karma, most creditors report consumers’ activity once a month, though it depends on the creditor. If you have more than one lender, they might send your information throughout the month, which could change your score every time they do.


Does Your Lender Report To Every Credit Agency?

Most lenders report to all three credit agencies, but they don’t necessarily have to. Some may update just one or two agencies, while others may not send anything. You could contact your creditor to ask whether they report your activity to all three agencies and how frequently they do so.


What Do Credit Score Changes Mean?

Changes in your credit score mirror the state of your credit profile. If you regularly pay your bills on time and maintain a low debt-to-income ratio or credit utilization rate, your credit score will consistently improve. And, of course, the more your account ages, the more it benefits your score. 


But if you do the opposite, however, your score will take a hit. Canceling old credit cards can also hurt your rating since it shortens your history. Additionally, if you apply for a new loan or credit card, a hard credit check can temporarily knock points off your score.


What Causes Your Credit Score To Change?

Here are a few factors that cause variations in your credit score:


  • Hard inquiries: As mentioned above, a hard inquiry temporarily affects your credit score. Lenders perform hard pulls to check your credit and gauge your creditworthiness.
  • Late payments: This is one of the most significant factors that determine your credit score. Consequently, late payments can have a prolonged impact on your profile — and they’ll stick on your account for seven years.
  • Bankruptcies: Bankruptcy’s emotional toll can be just as pronounced as its financial one. This record can stay on your report for as long as a decade, but the good news is that you can improve your credit with time. 
  • Your credit mix: If you have several kinds of credit, it shows lenders you know how to manage multiple debts responsibly.
  • Account age: As mentioned several times already, the older your account, the better off you are. It shows lenders you have a history of responsible credit use. That’s why you should leave your first credit card account open, even if you don’t use it regularly.
  • Balances: Some financial gurus advise carrying a small balance month-to-month, but Credit Karma recommends against this. It would be best if you tried to pay off your entire credit card balance every month — or at the very least, make the minimum payment. That’s because keeping your balance as low as possible reduces your credit utilization, which then improves your score.


Bottom Line

You should make a habit of reviewing your credit report every few months. If you fall victim to identity theft, you might do so more often. But it’s not necessary to check your account every day unless you’re seeking a new lion of credit or a loan and you want to make sure you get the best deal.


  • Devaney, Tim. “Does Your Credit Score Change Daily?” Credit Karma, 21 Oct. 2020,
Ian Schindler