@Yekuka wrote:Hi,
I just paid down a lot of debt from $23,500 to $3,500. Bought 5 accounts to $0:
Capital One Business $5300 CL
Capital One Quicksilver $1750 CL
Discover $11,5000 CL
AMEX/Macy's $1750 CL
Gap $1000 CL
-and only have Capital One Bal of $1550 on a CL of $2000 and AMEX Business Platinum (Bal of $2000, paying that off in mid July). The info I found here regarding AZEO helped tremdously :-). Planning to get that last Cap One bal to $200/250
This pushed my FICO 8 to 740/713/747 ( EQ, TU, EX) so that's good news..
However, my 5/4/2 are 612/650/685. I saw the last updates was 5/29. I'm expecting those to possibly rise and how long should it be before they update to reflect the big reduction in balances? I don't have an auto loan, but have a long credit history (over 20 years), no recent Inquiries and had a personal loan which was paid off and never late? Once they update I'm hoping to see an increase as I'm looking to eventually purchase a home in the nyc/Tri-State area.
Any info will be hugely appreciated and Happy 4th to all
Thanks
They update when you pull your report.
@RadioRob wrote:The scores themselves used by lenders update in real time as seen by the lender. In terms of what you see when you view your Fico 3B report, it updates monthly at whatever time you pull your report.
You get updates to Fico 8 through out the month but all of the other flavors only update once per pull.
Can you force the update by paying for a report prior to the monthly 3B pull?
Starting Score: 614
@Anonymous wrote:
@UpAndComing74 wrote:
@RadioRob wrote:The scores themselves used by lenders update in real time as seen by the lender. In terms of what you see when you view your Fico 3B report, it updates monthly at whatever time you pull your report.
You get updates to Fico 8 through out the month but all of the other flavors only update once per pull.
Can you force the update by paying for a report prior to the monthly 3B pull?
@UpAndComing74 They update as soon as the lenders information goes to them and the interstial period passes.
Its just like score 8, but you don't get an update or access to them unless you spend the money and pull the report. Yes if you spend the money and pull the report you'll see the changes, if any, even daily.
but it's cheaper to use Experian for daily Experian Scores.
@Anonymous Thats a bummer. Im still on my race to 700 midscore for TU4. Everything else updated but that score and I paid to pull them a day apart. Hopefully January will bring AoYA to 6 months and Month since 30 day deliquency to 12 months and maybe I can get 3 points.
This one is 12/01
This is 12/03 after installment loan balances updated.
@UpAndComing74 wrote:
@Anonymous wrote:
@UpAndComing74 wrote:
@RadioRob wrote:The scores themselves used by lenders update in real time as seen by the lender. In terms of what you see when you view your Fico 3B report, it updates monthly at whatever time you pull your report.
You get updates to Fico 8 through out the month but all of the other flavors only update once per pull.
Can you force the update by paying for a report prior to the monthly 3B pull?
@UpAndComing74 They update as soon as the lenders information goes to them and the interstial period passes.
Its just like score 8, but you don't get an update or access to them unless you spend the money and pull the report. Yes if you spend the money and pull the report you'll see the changes, if any, even daily.
but it's cheaper to use Experian for daily Experian Scores.
@Anonymous Thats a bummer. Im still on my race to 700 midscore for TU4. Everything else updated but that score and I paid to pull them a day apart. Hopefully January will bring AoYA to 6 months and Month since 30 day deliquency to 12 months and maybe I can get 3 points.
This one is 12/01
This is 12/03 after installment loan balances updated.
@UpAndComing74 Yeah there is no daily access to TU4. Unless you want to buy a new report every day.
The best thing you can do is get a wallethub account. They update daily at 6 AM the score is meaningless but the data changes are accurate. Then you know when update has been posted to your TransUnion file and then you know whether or not to spend the money and pull a report to see if the score has changed.
True enough the biggest thing impacting your score right now is the derogatory and yes they do give them points at 6 months, 12 months, & 24 months from the most recent derogatory.