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


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Contributor
mmmmmm
Posts: 156
Registered: ‎06-01-2012
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.

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