Does anyone know when FICO score is updated each month?

[Anonymous]

Hi, everyone!

I'm new to this forum and to myFICO. I've been subscibing to FreeCreditReport.com and get monthly updates from them. I have also purchase credit reports from all three reporting agencies multiple times over the past three years. I actually have two questions.

1. Does anyone know the approximate date that FICO updates scores each month?

2. Has anyone ever seen a huge disparity between the scores reported by the three credit bureaus and the FICO scores? This is driving me crazy! There is almost an 88 point difference between the two. Has anyone ever heard of such a thing? My combined three bureau credit scores through FreeCreditReport.com is 769 and my FICO score is 681. I have to admit I'm stunned!

Help! Any experiences like this. Thanks!

[corkyduckfan]

No need to be stunned.  Look at it this way.  Your FICO score is correct and anything not FICO related is a FAKO score and is not correct.  Lenders look at FICO based scores.

[Anonymous]

FICO scores aren't automaticlly updated at any time during the month.

Each time you want to know your current score, you will have to purchase it. Unless, you have subscribed to scorewatch. Then, when your score changes above/below what you have your alert settings at, you will get an alert saying it has changed and what your new score this. ScoreWatch only monitors your EQ score.

If you have the TU quarterly monitoring, you'll get a new score every 3 months.

Scores you are getting with FCR.com are credit scores, but not FICO scores. They are what we call FAKO(which means non-FICO). They calculate their scores based on a different formula that what FICO uses. Most lenders use scores based on the FICO formula, as mentioned.