Frequent Contributor
Posts: 299
Registered: ‎05-28-2012

Time between statement cut and update

How long does it take FICO to update once credit card statements cut? And do FAKOs update quicker or slower than FICO? I'm stalking our scores like a hawk this month - two cards were due on the 16th and 18th, so they'll cut their statements around the 22nd/23rd..when should FICO update?

Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660

Posts: 156
Registered: ‎06-01-2012

Re: Time between statement cut and update

Your FICO score is an instant snapshot of what is on your report.  FICO doesn't update, your reports do.  Depending on the CRA and the OC, it can be a day or two up to a week or two.

For instance, I have a Discover card, and all my reports are updated within 2-3 days of the statement closing date.

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