You are monitoring your credit scores every week and reviewing all the information. You are keeping your data in track but you may sometimes notice that your credit score from last week seems different from this week. It is better if the three-digit number you are facing is increasing but what if your credit score slowly declines?
There are certain reasons why your scores change every now and then:
1. Aging Negative Items in your Credit Score Events such as bankruptcy, foreclosure, or late payments are examples of negative items that affect your credit score. These events remain on a credit file for a number of years. A late payment, for example, remains on a credit file for about seven years. As these events age and move into the distant past, however, the affect they have on your credit score diminishes. As a result, as these items age, all other things being equal, your score can go up.