topic Re: Fico Score updated in General Credit Topics

Fico Score updated

Anonymous — Tue, 01 Nov 2011 17:40:28 GMT

How often are fico scores updated??? If it moves up or down do they update daily or once a month????

Re: Fico Score updated

MMAYFIELD0309 — Tue, 01 Nov 2011 17:49:56 GMT

It moves up and down based off of "what" is reported to the bureau's and "when" it is reported. No set time or date.

Re: Fico Score updated

CreditCrusader — Tue, 01 Nov 2011 18:01:11 GMT

@Anonymous wrote:
How often are fico scores updated??? If it moves up or down do they update daily or once a month????

If you're referring to MyFICO Equifax FICO scores, with Score Watch you get regular updates based upon your alert settings (score increases by x amount, new account added, etc.) - and those updated reflect whether your FICO Equifax score changed along with the alert.

For instance, when Barclay began reporting to my Equifax bureau, my score went up because my overall utilization went down. When MyFICO sent me the alert, I was notified of the score change...no additional charge.

As for the other bureaus, you have to buy your TU score from MyFICO or get it free as part of your Wal-Mart credit card service (if applicable). I don't know where else to get true TU FICO scores other than that.

Re: Fico Score updated

MarineVietVet — Tue, 01 Nov 2011 18:27:41 GMT

@Anonymous wrote:
How often are fico scores updated??? If it moves up or down do they update daily or once a month????

I like to think of scores as "potential" in that they really don't exist until either you or a lender pulls them. They can change daily depending on what happens within your credit profile but until a score is pulled no one will know exactly.

Does that make sense?

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Fico Score updated

Anonymous — Tue, 01 Nov 2011 19:56:06 GMT

thanks for all the comments