Time between statement cut and update
09-23-2012 06:26 PM
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
Re: Time between statement cut and update
09-24-2012 02:40 PM
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.