Established Member
anthill927
Posts: 48
Registered: ‎11-20-2012
How long before score is updated

‎11-29-2012 07:09 AM

Hello everybody! this is my 3rd post on here and I love when I get replies because it helps me. I had put alot of money on my credit cards in the middle towards the end of october for my mothers funeral, and score took a dive. they were in the  620s. I paid them all off except 1 like 2 weeks ago, before alot of them were due so it will show up there they are PIF. How long before that is reflected on the credit report? I decided to check yesterday and my score is still the same and Many of my new statements have been updated with a zero balance now, hence they were due on like the 24th or the 25s. I used the what if simulator and it said my score should shoot up to the 690s to the 700s, I just want to know when. I would Like to ask for CLIS on them because before this site, I never asked for one on most of my cards and I have had most of them for over 2 years, so I think I should be approved. IF you wwant me to go into more detail about my credit I will. Thanks in advance for the replies!

I want to be in the 700s again!
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Established Contributor
Swapmeet
Posts: 579
Registered: ‎11-10-2012
Re: How long before score is updated

‎11-29-2012 07:24 AM

You should see your jump as soon as they report your balances, which is usually a few days after the end of your billing cycle. Look on your statement for the statement closing date, then add 4 -6 days and you should have it. Of course, different cards may have different reporting philosophies so YMMV.

My Wallet: WalMart: ||1k|| USAA Platinum CR MC: ||4k|| Amex Delta Skymiles: ||2k||; BCE: ||3k|| Chase Freedom: ||2k||
Lender pulled Fico Scores: EQ 703,TU 681, EX 707 Last app: 2/8/13 - Chase Freedom
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Established Member
anthill927
Posts: 48
Registered: ‎11-20-2012
Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 07:30 AM

Okay thanks, most of them are reporting zero balances like on friday and monday but today is thursday and I see no update, maybe I need to be patient but its hard. lol

I want to be in the 700s again!
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Valued Contributor
Repo-ed
Posts: 2,602
Registered: ‎02-09-2012
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 07:41 AM

The reporting of $0 may not give you a score increase.  Might even see a score decrease.

Starting Score: TU:650 - EQ: 672
Current Score: TU: 706 - EQ: 680 - EX: 699
Goal Score: 700
Take the myFICO Fitness Challenge
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Frequent Contributor
bahbahd
Posts: 395
Registered: ‎08-12-2011
Re: Okay thanks, most of them are reporting zero balances lik...
[ Edited ]

‎11-29-2012 07:49 AM - edited ‎11-29-2012 07:49 AM

Repo-ed wrote:

The reporting of $0 may not give you a score increase.  Might even see a score decrease.

Not if if there is utilization on another card. Now if you paid all your cards down to $0, you might see a slight drop. Ideal goal is to have 9% utilization of total CC limits. I have heard it is best to be on one card only, but I think a few % across several cards still works.

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Established Member
anthill927
Posts: 48
Registered: ‎11-20-2012
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 07:58 AM

I still have another card to pay, and I have a closed macys account I am paying on every month, and paypal. they still have balances but all the other ones I paid in full, so I shouldnt have paid them in full?? :smileysad:

I want to be in the 700s again!
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Established Member
anthill927
Posts: 48
Registered: ‎11-20-2012
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 07:59 AM

See I never knew this thanks, because I thought it was best to not have balances.

I want to be in the 700s again!
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Frequent Contributor
bahbahd
Posts: 395
Registered: ‎08-12-2011
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 08:04 AM

Reporting of 9% utilization demonstrates responsible usage of credit lines. 

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Established Member
anthill927
Posts: 48
Registered: ‎11-20-2012
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 08:10 AM

Okay I have a total credit of 20,651 and out of that I have used 4800. Or thats what I have to pay off left. Should I leave it like that?  I still want to ask for CLI.

I want to be in the 700s again!
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Moderator
Moderator
llecs
Posts: 31,429
Registered: ‎08-04-2007
Re: Okay thanks, most of them are reporting zero balances lik...

‎11-29-2012 08:40 AM

OP, are you looking at FICOs or FAKOs?

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