topic Re: Only 1 point; why so long to update EQ in Understanding FICO® Scoring

Only 1 point; why so long to update EQ

Anonymous — Mon, 22 Jun 2009 23:13:36 GMT

On June 4th, I received notice from EQ that a judgement had been removed from my credit report as well as to collections. Today, June 22nd, I received a Myfico alert that my score increased by 1 point on June 20th. Why did it take so long to update and why did my score only increase by 1 point? I thought that removing judgements and collections was a big deal.

Thanks

Re: Only 1 point; why so long to update EQ

haulingthescoreup — Mon, 22 Jun 2009 23:20:22 GMT

Scorewatch recently went into one of its periodic funks, per Equifax. They finally fixed whatever it was this time, and a bunch of overdue alerts went out.

You might want to look at the date on your alert. I got one today (the 22nd) that was dated 6/20.

Also, if you go to the Products Feedback board, there is a stickied post by Barry that explains how often your Equifax report is reviewed for different types of changes, and what the expected timing of alerts might be.

Re: Only 1 point; why so long to update EQ

Anonymous — Mon, 22 Jun 2009 23:44:49 GMT

Thanks! My alert was dated 6/20 also, but I rec'd it today. Hopefully I'll get more alerts, and hopefully higher scores!! Want to buy a home in October. Need about 30 points!