06-13-2010 11:53 AM
I made an $8,000.00 payment to a credit card on 4/28/10. I expected at the least an alert from my FICO Scorewatch about a balance reduction. I also expected a bump in credit score as the payment resulted in reducing my percentage of debt on the card from above 50% of credit limit to below 25%. What is the timeframe in which this type of credit card payment is postively realized? 30 days, 60 days, 90 days??? Since I made the payment almost 45 days ago, there has been no change to my report. Thank you for any insight
06-13-2010 01:22 PM
I think it is checked at least every couple of weeks. I just paid off my card this month and the credit card had a statement. I paid off BoA $5,000 and I only got only lousy point up - from 672 to 673..... very frustrating...... but it had the balance updated when I clicked the more+ button next to the update it showed a 0 balance. Maybe something else is offsetting your score that might be the reason you aren't seeing anything. Also, what are your settings at using SW. Use your existing score, like 672 and then put your settings to alert you at 673....
Hope that helps.
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