Understanding FICO® Scoring

[SportBike4Life]

So I know that individual credit card companies have their own dates for when they report information to credit bureaus but does anyone know when exactly FICO updates scores based on changes in credit report information? Does your FICO score automatically update itself every month too?

[llecs]

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SportBike4Life wrote:

So I know that individual credit card companies have their own dates for when they report information to credit bureaus but does anyone know when exactly FICO updates scores based on changes in credit report information? Does your FICO score automatically update itself every month too?

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Your FICO score is a snapshot in time, kinda like a taken picture. It reflects what is on your report at the precise time the score is calculated. So, your FICO has the potential to change if that snapshot in time includes updated balance(s) by the CCs. In other words, your FICO score can change daily if you have daily changes happening to your CR(s).