08-14-2012 04:51 AM
I am in the same exact position.... I posted a very similar question yesterday, but havent gotten a knowledgeable answer as of yet
08-14-2012 08:25 AM
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
08-14-2012 08:44 AM
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.
08-14-2012 08:57 AM
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
08-14-2012 09:16 AM - edited 08-14-2012 09:49 AM
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.
08-14-2012 07:49 PM
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.
08-14-2012 08:15 PM
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 !!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.