01-29-2013 09:40 AM
Had a tradeline just get deleted about 48 hrs ago. Pulled my report and saw it was deleted. How long will it take Myfico to update my score?? Is this automatic or....
I want to know because I was waiting for this last tradeline to delete so I can apply for a mortgage! Any answers would be great appreciated!
01-29-2013 10:00 AM
Your FICO score generated without that tradeline in the report is updated. Think of it as a photograph. You do not have a record (FICO score) of the scene until you snap the picture. If the scene changes (accounts removed / added / balance updates etc.) then the new picture will be different from the old. A FICO score is an instant moment of what's there at that time. If something changes in the next hour or day the FICO score pulled would be different.
01-29-2013 10:07 AM
Perfect answer and explanation! Thanks so much