How often credit scores updated?

[loviedovie]

Hi all,

Took a big paycheck and paid my balances down from 80 to 10%. 

Score Watch says my score hasn't budged but that sure doesn't line up with what I have heard on these forums. I have no baddies. Shouldn't my lower util raise my score?

[beb86]

Usually its within a week of your statement close date but this is a YMMV situation.

[pizzadude]

+1.  Most creditors send updates to the CRAs once a month after your monthly statement cuts.   It takes a few days after that before the CRAs process the updates.

Your FICO score will be based on the information in your reports at the time that you request the score.

[SwiftTone]

Technically FICO scores are updated every time you pull it. ScoreWatch pulls it a few time a week so every time it pulls a report and generates a FICO score, its the most updated score possible. What I means is, a score is not just sitting in a database waiting for someone to get it; A score is generated from a report when a request is made.

But for your purpose, what others have said I'd true. Its usually updated to the credit Bureaus a few days after your statement cuts

[creditnocash]

i could be wrong but score watch doesn't per se report balance decrease, and only increase, or a card that has not been used in 3+ months if thats the way you have it set up. 

my last update was 1/5/13 and ive paid down 3-4 balances, and statements have closed for those and ck got the update as well. 

[chnceit]

Yes most CCC updates once a month, but some like Discover reports when it feels like it in my experience. Especially when you down to zero and get a CLI

[creditnocash]

Update: guess i didnt wait long enough. 

got an email last night at 2am saying that there were no changes. 

went out this morning. low and behold login now and my score went up

no other contributing factors besides lower balances.