If you were curious enough (and rich enough) to pull your scores every day, they could potentially change every day.
That's because the scores don't exist until someone requests them. Then they're created off the info on your credit reports.
So as soon as your bank updates, AND as soon as the credit bureaus mosey around to post the new balance, that's when you will see a score increase.
This is why so many of us use CreditSecure or (once upon a time
) TrueCredit --to see daily changes on reports, and know when it's probably worth pulling a score.
For most people here on the boards, EX updates within 24 hours of receiving info from the banks. TU and EQ take turns being the caboose. They usually update within 4-7 days after the banks report, except when they don't.
Good luck!
That's because the scores don't exist until someone requests them. Then they're created off the info on your credit reports.
So as soon as your bank updates, AND as soon as the credit bureaus mosey around to post the new balance, that's when you will see a score increase.
This is why so many of us use CreditSecure or (once upon a time
) TrueCredit --to see daily changes on reports, and know when it's probably worth pulling a score.For most people here on the boards, EX updates within 24 hours of receiving info from the banks. TU and EQ take turns being the caboose. They usually update within 4-7 days after the banks report, except when they don't.
Good luck!
There are lots of credit monitoring services. Most of us like the ones that let us view all three reports every day.
Some are Experian products (for instance, CreditSecure), and others are based on TransUnion (TrueCredit.*)
And you're absolutely right --you don't use them to monitor scores, because they display FAKO scores; you use them to monitor reports.
CreditSecure is available to American Express members. There are other versions out there that don't require AmEx membership. They typically run $9-something to $15-something per month.
The trick is to find out if you can update daily --not just look at the same reports over and over.
Chase has a service. As I understand it, it used to provide daily updates, but for new members, it seems to be monthly.
Do a search here for credit monitoring --you should be able to pull up lots of discussion.
*edit to clarify: TC used to allow a pull of all three reports every 24 hours. Several months ago, they changed this to allow daily pulls of only the TU report. EQ and EX can only be updated monthly. And they did not lower the fee for this.
Some are Experian products (for instance, CreditSecure), and others are based on TransUnion (TrueCredit.*)
And you're absolutely right --you don't use them to monitor scores, because they display FAKO scores; you use them to monitor reports.
CreditSecure is available to American Express members. There are other versions out there that don't require AmEx membership. They typically run $9-something to $15-something per month.
The trick is to find out if you can update daily --not just look at the same reports over and over.
Chase has a service. As I understand it, it used to provide daily updates, but for new members, it seems to be monthly.
Do a search here for credit monitoring --you should be able to pull up lots of discussion.
*edit to clarify: TC used to allow a pull of all three reports every 24 hours. Several months ago, they changed this to allow daily pulls of only the TU report. EQ and EX can only be updated monthly. And they did not lower the fee for this.