cancel
Showing results for 
Search instead for 
Did you mean: 

How often credit scores updated?

Regular Contributor

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
Message 1 of 7
6 REPLIES
Valued Contributor

Re: How often credit scores updated?

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

ccpics2.jpg
Message 2 of 7
Super Contributor

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
Message 3 of 7
Valued Contributor

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
AMEX: $0/$25,000, CSP: $0/$8000, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Discover: $0/17,000

EQ FICO - 753
TU FICO - 755
EX FICO(AMEX) - 707
Message 4 of 7
Valued Contributor

Re: How often credit scores updated?

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 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 5 of 7
Valued Contributor

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


Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 6 of 7
Valued Contributor

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 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 7 of 7