@Anonymous wrote:Hi
I'm a little confused....my FICO scores updated on 05/25 but my reports will update on today 05/29. My Equifax score decreased by 6 pts due to my utilization increase. My question is how can my scores change if my reports aren't updated yet? Aren't the scores determined by the info on your reports? If so how can my score update before my report is updated? I've had a few negs deleted from my reports and thought my score would've increased.
Your scores update continually, depending on when the score is pulled and on what data is in the report at the moment the score is pulled.
As SouthJamaica states, scores can update daily, anytime there is a change in your report that creates a score change. And not everything creates a score change nor is everything considered an alertable event with credit monitoring subscriptions.
You just don't get a report daily from myFICO. Even though you get alerts for FICO 8 scores, these may not come on the day the change was made as they are often delayed alerts and there aren't alerts for everything that changes on your report. The alerts are suppose to help you monitor FICO 8 scores and certain activity in between report dates.
Then either monthly or quarterly you will get a report with all scores and all changes which you should thoroughly review since not all changes create an alert and alerts are not always timely. I have an EX subscription also and since it updates daily I can see a change on my EX report and/or scores and it may be several days later that the alert comes through on myFICO. But I know through EX it changed days before.
Your report date has nothing to do with when things update. It's just your report date that will provide you everything that has changed or not since your last report.
Look at it like your bank account. You may have activity throughout the month (debits, credits), but you only receive a monthly statement that will give you the account balance and detail as of the date of the statement.
Hope this detail helps clear it up.
