topic Score not updating on MyFico? in General Credit Topics

Score not updating on MyFico?

vinster95 — Sun, 14 Apr 2024 19:48:44 GMT

Hey everyone. I'm trying to look at my updates scores after paying off my credit cards. I signed into MyFico and its showing my EQ has gone up 34 points. I'm assuming thats because one of my cards newly reported a lower balance. But for some reason its still showing the utilization before the balance was paid on the CC. Does anyone know why that is? Or is the score just updated daily but the rest of the report isnt on MyFico? I'm a bit confused.

Re: Score not updating on MyFico?

GZG — Sun, 14 Apr 2024 20:06:11 GMT

@vinster95 wrote:
Hey everyone. I'm trying to look at my updates scores after paying off my credit cards. I signed into MyFico and its showing my EQ has gone up 34 points. I'm assuming thats because one of my cards newly reported a lower balance. But for some reason its still showing the utilization before the balance was paid on the CC. Does anyone know why that is? Or is the score just updated daily but the rest of the report isnt on MyFico? I'm a bit confused.

your report will stay the same, but with the update you will see if there was a score change any changes that occured when an update was triggered

you'll need to wait for your next refresh to see an updated report, I would consider getting a free experian account and also getting your free reports from: https://www.annualcreditreport.com/index.action https://my.equifax.com/ and https://service.transunion.com/dss/login.page

Re: Score not updating on MyFico?

SouthJamaica — Thu, 18 Apr 2024 13:49:58 GMT

@vinster95 wrote:
Hey everyone. I'm trying to look at my updates scores after paying off my credit cards. I signed into MyFico and its showing my EQ has gone up 34 points. I'm assuming thats because one of my cards newly reported a lower balance. But for some reason its still showing the utilization before the balance was paid on the CC. Does anyone know why that is? Or is the score just updated daily but the rest of the report isnt on MyFico? I'm a bit confused.

If you want to see your freshly updated scores you'll need to pull your reports.... which costs big bucks.

The FICO 8's update frequently, but not daily.