Credit scores are calculated using a variety of factors, and it's normal to see changes over time. If your score hasn’t increased—or has gone down—it might be due to a few common reasons.
Sometimes, it’s just a matter of timing. Credit bureaus can take a few weeks to process and update your credit report, so recent activity like on-time payments may not show up right away.
Other times, your score may dip due to factors like:
- Opening a new credit account
- Making a late or missed payment
- Changes in your credit utilization (how much of your available credit you're using)
These changes are often temporary. Staying consistent with on-time payments and responsible credit use can help your score recover and grow over time.
On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.