@Anonymous wrote:I recently had my last collections disputed AND DELETED with Experian (did not dispute with the collections agency just Experian), Experian removed it pretty quickly (within the day I disputed it electronically) Since it was my only remaining collections item and it was reported in error I thought my score would have gone up for sure but there's been No movement at all. It's been a week.
Does Experian only rescore at the end of the month? Since it was the last collections item theoretically there should be some type of increase or something? Does it make a difference if it is disputed with teh collections agency or with the credit bureau ?
If you were getting your score directly from Experian, it would update immediately.
The problem isn't with Experian, it's with wherever you're getting your score from.
Those of us who pay for a daily monitoring service with Experian get 7 scores updated daily.
@Anonymous wrote:I recently had my last collections disputed AND DELETED with Experian (did not dispute with the collections agency just Experian), Experian removed it pretty quickly (within the day I disputed it electronically) Since it was my only remaining collections item and it was reported in error I thought my score would have gone up for sure but there's been No movement at all. It's been a week.
Does Experian only rescore at the end of the month? Since it was the last collections item theoretically there should be some type of increase or something? Does it make a difference if it is disputed with teh collections agency or with the credit bureau ?
I get my score updated daily through Experian and it updates right at midnight. Like someone else mentioned above, it all depends on where you're getting your score.
Generally, it should update with in 24-48 hours but there has been instances where it can take longer. In the rebuilding forum, I have noticed users that have had disputes deleted that it can at times, take up to 30 days to fully update. At times, it depends on the dispute too, it may need to get verified, then the time it takes to update to your profile, or it could be something else. I would give it another week or 2 before starting to worry. As long as you have proof that it was removed and no longer shows, your score will rebound.
@Queen_Etherea wrote:
@Anonymous wrote:I recently had my last collections disputed AND DELETED with Experian (did not dispute with the collections agency just Experian), Experian removed it pretty quickly (within the day I disputed it electronically) Since it was my only remaining collections item and it was reported in error I thought my score would have gone up for sure but there's been No movement at all. It's been a week.
Does Experian only rescore at the end of the month? Since it was the last collections item theoretically there should be some type of increase or something? Does it make a difference if it is disputed with teh collections agency or with the credit bureau ?
I get my score updated daily through Experian and it updates right at midnight. Like someone else mentioned above, it all depends on where you're getting your score.
Are you certain it's at midnight? They won't pull unless you login which to me suggests the time you login is your pull.
I'm pretty sure that's my experience namely I pulled kinda late for me (usually I do it soon after waking up as part of my routine) and almost confident that I'd seen an account that was updated that day.
@Anonymous wrote:
Yeah if you login, it pulls it from that day as long as it is after 3 AM Eastern standard time. If you login at 2:59 AM Eastern standard time it will say data from, and it will display the previous days date. Wait one minute and login at 3 AM Eastern standard time and then it will officially say data from “today.”
Now I know some lenders update at 11:59 PM. I don’t know if they all do. I was under the assumption they did and that during those three hours they were verifying data before they made it go live. However, I have noticed that sometimes when I login at 3 AM, I don’t have data that I should. So there may be utility in logging in later in the day. I’ve never actually thought about that. Maybe there are rolling updates throughout the day? No doubt when you login thats your pull for the day.
Do you know whether other lenders report at different times during the day? I figured it was all standardized but I really don’t know.
Well it's not just lender report time (which is probably consistent actually except maybe some weekend shennigans) there's also the insertion into the dataset time and in my experience that varies WILDLY with all 3 bureaus at times. Experian is far and away the most consistent, but usually there's a lag of a few days.
My auto loan just got updated on EX's report today (which probably means sometime yesterday to EX cause I pull around 6-7 am Pacific lately, still no shift in installment utilization, 75.2% aggregate now, 55.8% single which I think was past my original testing datapoint, need to check that) but when I look at the data "Balance Updated" 5/31 which I'm pretty sure is when USBank reported it cause end of the month is their jam, and therefore it took 5ish days to be inserted into the dataset.
I'm also 100% confident that they report to all 3 bureaus the same day: I have a CK report coming tomorrow I'll betcha it's not updated on either TU or EQ.
@Anonymous wrote:
Actually Experian is normally on time for me, it’s actually the exception that they lag for me. The other two yeah, the norm is a lag and the exception is a quick insert..
For example right now I am waiting on EQ to post a change (and they were given it on the fourth at 11:59 PM) so that I can pull that DP for us
Yeah, my Chase mid-cycle reports seem ninja quick-like always for Experian.
I don't know, I may be missing some component of my analysis maybe USBank is slow though running through every single account in their own batch process.
That's actually a question, if I had more time I think I'd like to go run a quick analysis on end-of-month reporters vs. anytime during month reporters, somewhat thinking that the end-of-month reporters are both slower in their updating, and also the additional load slows down the bureaus too. Huh, it is a lot of data to process to be sure for all it's all pretty small individual updates when talking METRO2 format.
On the flipside it means I don't get conflation on my report for aging metrics! 