How often do the FICO scores update, and when?

[smoothjk]

Once a month? Which part of the month?

Thanks in advance.

[Anonymous]

Your potential scores change with every update to your reports.

Your actual scores change when someone or you pull them-

It's like asking how fast your car is when it's sitting in the driveway-  

[Anonymous]

My creditors update all month long- and I have MANY

All my CC's update on statement dates except AMex (end of the month) my  Mortgage and Auto 1st of the month.

[smoothjk]

I guess I was confused because I've pulled a few reports from the TrueCredit monitoring service, and my score doesn't seem to move at all. That led me to believe that it only changes at certain intervals. I realize now that it was just because there was no new reported activity (I thought making payments would show up, but so far, it hasn't).

Thanks for clearing that up, though!

Message Edited by smoothjk on 07-17-2008 08:03 AM

[Anonymous]

hmm, Interesting question, that I too, can't put my finger on the answer. I get a monthly scorewatch alert from SW. Sometimes there's no monthly change in my score. I find it interesting that I don't get score fluctuations when I've paid CC's to $0 or cut balances in half. But I do get alerts whenever I charge something, day-to-day stuff on CC's. I don't like the FICO system at all!!!

[haulingthescoreup]

A util change in and of itself won't necessarily cause a score change. The util has to cross a breakpoint, like moving under 10% or under 30%, to change your score. We spend a lot of time guessing where these points are, and some might even be bucket-dependent. For instance, when my oldest account hit 19 years, I was penalized for 8% util and then praised for 7% util the next month. Gotta love it.

[Anonymous]

From my experience, breakpoints were at 50% and roughly 32% ( dont know why 32 ) both individual and combined...

[Anonymous]

Mine don't ever change?????