Reply
Member
delite11
Posts: 16
Registered: ‎07-28-2012
0

Rapid Rescore.

Do credit cards do this? I've paid off all my credit cards, but getting impatient with waiting for my scores to update.. I want to buy my new car now!!

Frequent Contributor
nuggets321
Posts: 344
Registered: ‎03-25-2011
0

Re: Rapid Rescore.

I am in the same exact position.... I posted a very similar question yesterday, but havent gotten a knowledgeable answer as of yet  :smileysad:

TU-717 (MYFICO) EQ- 696(MYFICO) EXP 711(Amex denial letter)
My Wallet : Dicover More 10,000 CL / Amex Zync NPSL / WellsFargoRewards3800 / -CapOne 3000CL / GEMBWalMart 5000CL / Zales 4000CL-Kays 2900--Macys 3000CL /SSFCU 5000CL / CitiBank Plat Select 3000CL / CHASE Freedom 1300CL / Lowes 10,000 CL / BBuyStoreCard 5000CL Sears Store Card (Citi) 3000 / Firestone CFNB 1400 Toyota Financial $35,000 Auto /2200DiscountTire(GECRB) Citi TY Preferred 6500CL / Chase Slate$4000/BofA2500/ToyotaRewardsVisa$6500BofA$6500
Member
Born123
Posts: 11
Registered: ‎07-24-2012
0

Re: Rapid Rescore.

Im actually waiting for this exact same thing as well. When do credit card companies update your credit report?

 

My guess was when your new statement comes in so i was planning on checking my score middle of the month

Frequent Contributor
WhiteCollar
Posts: 314
Registered: ‎04-07-2012
0

Re: Rapid Rescore.

I usually just called the company and ask. The standard answer from my experience is 30 days.
Moderator
Revelate
Posts: 9,750
Registered: ‎12-30-2011
0

Re: Rapid Rescore.

As PNP states, it's pretty random to my knowledge, and typically things get updated once a statement cycle.

 

You can call in and ask, you may get it, you may not.

 

You can try silly tricks like updating your address in the online interface, they may update your tradeline, they may not.

 

Rapid rescore is usually a service provided for mortgages, and it costs money too is my understanding of it.  It's hard if not impossible for a customer to directly initiate it, though some have reported success with individual lenders by asking.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
New Contributor
Cellice
Posts: 148
Registered: ‎07-04-2012
0

Re: Rapid Rescore.

Your balance will update around the statement is generated. However, this is not guaranteed.

 

Unfortunatly you are left in a bad position because you did not plan ahead enough. You should get your finances in tip top shape before even starting your loan shopping. Sorry

Member
delite11
Posts: 16
Registered: ‎07-28-2012
0

Re: Rapid Rescore.

[ Edited ]

from what i've read..

- credit cards report approx 3 business days after the closing date.  

---- one of my cards that ended aug 3 has posted already..  score went up 6 points. i'm waiting for my other card to post, which doesnt close until aug 25.

 

read elsewhere that only mortgage lenders offer Rapid Rescore..

just called my orchard credit card, and the rep said she never heard of Rapid Rescore.

New Contributor
Cellice
Posts: 148
Registered: ‎07-04-2012
0

Re: Rapid Rescore.

Just sit patiently and wait for things to report.

Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012
0

Re: Rapid Rescore.

Credit card #3 closes it's statement today so I'll be checking my scores by Friday to see if they are reporting a $0. balance from last month's $745. Then it will be time to refi and send out a few cc apps.  Based on what I've seen while watching my accounts over the last 6 weeks, they usually post a few days after the statement closes.

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
Frequent Contributor
nuggets321
Posts: 344
Registered: ‎03-25-2011
0

Re: Rapid Rescore.

I have decided to "slow -my-roll" and wait for my reports to update on the 26th or so...... did a little more investigating at my credit union and found out that ny waiting 12 more days that I would potentially save approx $4,000 in interest charges on a purchase of one of the new 4runners.... 12 days wait to save  4k ......ABSOLUTELY !!

TU-717 (MYFICO) EQ- 696(MYFICO) EXP 711(Amex denial letter)
My Wallet : Dicover More 10,000 CL / Amex Zync NPSL / WellsFargoRewards3800 / -CapOne 3000CL / GEMBWalMart 5000CL / Zales 4000CL-Kays 2900--Macys 3000CL /SSFCU 5000CL / CitiBank Plat Select 3000CL / CHASE Freedom 1300CL / Lowes 10,000 CL / BBuyStoreCard 5000CL Sears Store Card (Citi) 3000 / Firestone CFNB 1400 Toyota Financial $35,000 Auto /2200DiscountTire(GECRB) Citi TY Preferred 6500CL / Chase Slate$4000/BofA2500/ToyotaRewardsVisa$6500BofA$6500

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}