topic Re: how long in Understanding FICO® Scoring

how long

Anonymous — Fri, 07 Aug 2009 12:33:50 GMT

I have just paid 2 balances off this month, 5 to go...Now will this help my fico score next month after it gets reported? struggling here, made 2 bad decisions where score dropped 22 pts in 2 mons thought I was helping my score....should have been reading this board. Thanks!

Re: how long

Anonymous — Fri, 07 Aug 2009 12:49:40 GMT

I have been asking this question myself lately. I was told that information is normally transmitted to the CRA's by your creditors at your ending statement date, or the less often the end of the month.

I also recently paid off all of my balances this past month. And two of my accounts have hit a aniversary date the past two months as well.

I subscribe to score watch, and it hasn't reported any changes over the past three months!

I pulled my anual free experian report (yes I know experian isn't monitored by score watch) and it shows that the ccc that hit their anniversary date have reported, and the balance changes have started to flow through too.

But no changes to score watch at least???!! I am going to wait until all of the new balances flow through and then I am going to run a power score report. It just seems strange that I haven't seen any changes lately.

Message Edited by DougH on 08-07-2009 05:49 AM

Re: how long

Anonymous — Fri, 07 Aug 2009 19:58:53 GMT

Unfortunately score watch takes a while to notify. I recently had 2 collections removed. It took score watch 10 days to send me the alert. I laready knew my score changed becasue I bought a score the same day my report changed.