{"id":29352,"date":"2022-05-12T12:26:20","date_gmt":"2022-05-12T19:26:20","guid":{"rendered":"https:\/\/financer.com\/?p=29352"},"modified":"2024-09-09T08:23:15","modified_gmt":"2024-09-09T15:23:15","slug":"how-often-does-your-credit-score-update","status":"publish","type":"post","link":"https:\/\/financer.com\/personal-finance\/articles\/how-often-does-your-credit-score-update\/","title":{"rendered":"How Often Does Your Credit Score Update?"},"content":{"rendered":"\n

If you are making regular payments on your accounts to improve your credit<\/a>, you may wonder when this may end up showing on your credit report. <\/p>\n\n\n\n

Your credit reports are updated when credit reporting agencies receive new information from your lender(s). This typically happens once every month<\/strong>, but in most cases, at least every 30-45 days<\/strong>. However, keep in mind that some lenders may update your details more often than this.<\/p>\n\n\n\n

Because updated information from lenders is not received at the same time every day, new information may show up on your credit report more often. You can get your credit report from the three nationwide credit reporting agencies – Experian<\/a>, TransUnion<\/a>, and Equifax<\/a>. <\/p>\n\n\n

<\/div>If you need some help to manage your credit<\/a> better, consider signing up for a paid subscription to a tool like TransUnion Credit Monitoring. This gives you access to reports, score refreshes, and alerts when there are changes to your accounts.<\/div>\n\n\n

Does your credit score change daily? <\/h2>\n\n\n\n

Your credit scores<\/a> can change frequently. That\u2019s why you should check your credit reports on a regular basis, preferably once a month. <\/p>\n\n\n\n

\ud83d\udca1 Learn more about how you can improve your credit score<\/a>. <\/strong><\/p>\n\n\n\n

What is rapid rescoring?<\/h2>\n\n\n\n

Rapid rescoring can be beneficial if you are looking to be approved for a credit or loan<\/a> application. This typically helps with a mortgage application, where your credit score is good, but not quite good enough for the lender’s requirements. <\/p>\n\n\n\n

If you\u2019ve made an effort to pay accounts on time and improve your credit record but it hasn’t been reflected in your credit profile yet, lenders may request the information to be updated on your credit profile.  <\/p>\n\n\n\n

This can result in your credit score being updated within a few days, instead of having to wait for the next month or more. However, keep in mind: <\/p>\n\n\n\n