topic Re: does anyone know when???? in General Credit Topics

does anyone know when????

haapril — Fri, 26 Dec 2008 17:29:45 GMT

Does anyone know when MY FICO updated there data. I still see my credit history that was updated from NOV. It's almost the end of DEC. I don't see any DEC updates With acounts/balances. Thank you for time and advise to everyone.

Re: does anyone know when????

Anonymous — Fri, 26 Dec 2008 18:21:56 GMT

If you have scorewatch from MyFico, it updates whenever there has been changes to your EQ score. But other than that, MyFico does not update unless your purchase the FICO reports or subscribe to the TU quarterly monitoring.

Re: does anyone know when????

RobertEG — Sat, 27 Dec 2008 03:25:00 GMT

haapril, MyFico does not technically update any data. MyFico only sells the scoring program to the CRAs, and does not mantain or update any CR data.

The instant after your data is updated with the CRA, then the FICO score will reflect it.

So it is a CRA reporting issue. You make a payment. OCs dont report to the CRAs until billing cycle is concluded, and the OC can delay for long periods for business reasons. Once the OC reports to the CRA, then the CRA must process and enter the reported data. Typically, payments you make can have a delay of up to two months in finally posting to your credit file.

When you request a credit score, the algorithm simply looks at your current credit file.