@Anonymous wrote:
When I was a mortgage broker, it was a general understanding that we waited until the 12th of the month before re-pulling a clients credit report to see if their score went up from the previous month. Although, I don't know where that date came from, or if it was even based on anything. Is there a particular day of the month that the 3 bureaus change credit scores, or is it more based on when the actual creditors report their monthly updates? This is another issue where I hear different mortgage people quoting different days of the month. Thanks in advance.
The vast majority of creditors report on or shortly after the statement closing date. Theoretically, a person could have 30 accounts, and those accounts could have 30 different reporting dates.
Credit scores are computed at the time a CR is requested, and are based on the CR data at that particular moment.
Message Edited by Revike on
07-26-2007 09:55 AM
