Sometimes your score may remain stable and won’t change for a period of time because of the following:
- Your credit report hasn’t changed- if the information on your report hasn't changed very much, your credit score may not change either.
- Building up your credit score can take time- Your credit score is something which builds up steadily over time. You may not always see a satisfying boost month on month.
- Lenders like to see diversity in your credit report- This is all about the types of credit products and accounts you have. A lack of diversity in accounts could be one of the reasons why your score stays the same for a long time.
- Updates can take some time to show on your report- Credit reference agencies (CRAs) are sent information by your banks and lenders about the credit you have and how you manage it. CRAs also receive other information about you, such as electoral roll information (public records). Lenders will typically send information to CRAs once a month, and for some public records offices it will be longer.