topic Re: Question on Rescoring in Understanding FICO® Scoring

Question on Rescoring

Anonymous — Mon, 23 Apr 2007 18:09:27 GMT

I have paid off about 8 balances this week. I would like to rescore ASAP. What is the most efficient way to do this quickly?

Re: Question on Rescoring

Tuscani — Mon, 23 Apr 2007 18:34:42 GMT

I would wait 30 days. That way you know the creditors have updated your balances.

Re: Question on Rescoring

Drew — Mon, 23 Apr 2007 22:46:10 GMT

What is rescoring?

Re: Question on Rescoring

Tuscani — Mon, 23 Apr 2007 22:47:43 GMT

She is referring to pulling an updated score.

Message Edited by Tuscani on 04-23-2007 05:47 PM

Re: Question on Rescoring

Anonymous — Tue, 24 Apr 2007 07:23:13 GMT

I called some of my creditors this week and they stated I had to wait until their normal processing time. My understanding is if you were purchasing a home or doing some type of refinancing the mortgage co /lender can get items rescored however not all of them do it for free and some even charge for the service. Also, there is no guarantee whether you will see the results you want.

Re: Question on Rescoring

Anonymous — Wed, 25 Apr 2007 02:41:47 GMT

Also, let us know what the results are when the report updates!