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Regular Contributor
loviedovie
Posts: 206
Registered: ‎12-20-2012
0

How often credit scores updated?

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?


Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011
0

Re: How often credit scores updated?

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

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Moderator
pizzadude
Posts: 9,660
Registered: ‎01-28-2010
0

Re: How often credit scores updated?

 

+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.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Established Contributor
SwiftTone
Posts: 1,024
Registered: ‎02-27-2012
0

Re: How often credit scores updated?

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
BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$5000, Barclays NFL: $0/$7000 Discover: $0/$10,000, Citi Dividend: $0/$3500

EQ FICO - 742
TU FICO - 734
EX FICO(AMEX) - 712
Valued Contributor
creditnocash
Posts: 2,236
Registered: ‎07-23-2012
0

Re: How often credit scores updated?

[ Edited ]

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. 

Current: Discover Fico 689 8/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/05/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: How often credit scores updated?

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


$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
creditnocash
Posts: 2,236
Registered: ‎07-23-2012
0

Re: How often credit scores updated?

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. 

Current: Discover Fico 689 8/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/05/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

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