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Posted in Credit Scores
How often do credit scores change?
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Question By
AppleRules

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Best Response Chosen by   Profile Image AppleRules
Helpful to 62 out of 80 people

Technically, a credit score can change at any point in time. For example, if someone applied for an auto loan this instant, the hard inquiry from the credit application should instantly be reflected on the credit report and their credit score would then be affected and change.

Aside from the instant inquiries, credit scores also change whenever a credit report is updated with new balances, loans, or derogatory information from a creditors. The frequency of the updates can vary by the credit bureau and the lender. In most cases, you can expect your creditors to report new balances, payment activity, credit limit changes, or late payment information every 30 days. For that reason, it is a good idea to check your credit score for accuracy at least once a month.

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Response by
hardeight

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Helpful to 23 out of 25 people

 I think if your company is going to run this service you should have the updates every month like it should be . Mine had not been updated for serveral months. To me this is wrong when you want to check your credit score .

Response by
richNsrher52

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Helpful to 8 out of 8 people

I agree. And my accounts listed here are inaccurate. I do not know how to change that. 

Reply by
credimprover

2 Contributions
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Helpful to 5 out of 7 people

Credit Sesame, is every 3 months on the dot.

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Reply by
jaccid

26 Contributions
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Helpful to 1 out of 2 people

KEEP IN MIND EVERYONE, YOU GET WHAT YOU PAY FOR........

THIS IS FREE, SO NOT MUCH IS PUT IN TO IT TO MAKE SURE EVERYTHING IS RIGHT AND UP TO DATE.......MR. REAL

Reply by
masterdog1

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1 Person Helped
credit score discrepancy
Helpful to 5 out of 5 people

credit karma says 698  yet the same day i check equifax 742   transunion 736 and experian 756   why is credit karma so low?

Response by
fsmith396

1 Contribution
5 People Helped

Because credit karma is a FAKO score and is calucated differently then scores from other sites. The only accurate scores are FICO scores. You can get your equifax and transunion FICO score from myfico.com.

Reply by
palmaj6611

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Helpful to 5 out of 5 people

I sent an email off to Credit Karma today. I know for a fact my reports are changing for the better. I have an additionnal card and had an adverse account placed illegaly on my CR removed and is currently reflecting on all 3 credit reports yet no change ever on Credit Karma. I sure hope there is a solution to this. Free is good and I think this site has some great tools but I'm here to see what my TU score is. 

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Response by
Irish109

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Helpful to 3 out of 3 people

My score on credit karma hasn't changed in over a year,I would think that it would be updated once in a while.

Reply by
peasley

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Helpful to 5 out of 5 people

Amazing how quick your credit score can go down, if you get additional credit or anything else, but it takes almost a wrath of God to get it to go up even if you pay off a debt  or two. I paid off two credit card debts total almost a thousand dollars, and no change in my credit score.  Still waiting to see that happen.

Response by
fran6530

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Helpful to 4 out of 4 people

The above statement is so true! do anything to disrupt your credit ( check for a mortgage , check car insurance rates, check house insurance rates, charge $30.00 dollars on your credit card and within minuets your CREDIT REPORT AND SCORE WILL BE AFFECTED AND UPDATED!!! However, pay off the $30.00 and WAIT, WAIT, AND WAIT and just maybe it will get reported to your credit report within 90 days. Sounds BIAS towards the consumer. Any body care to challenge my statement??? And can anyone advise why this is so AND is this FAIR to the consumer??? Can credit karma please respond? Thank you!

Response by
no1mrrythem

8 Contributions
4 People Helped

To be fair, it's not 90 days. It is 30 days and charges don't show up immediately only credit inquiries. But your are right, the system was built to protect lenders from risk.

Review by
CK Moderator

Helpful to 2 out of 3 people

paid off my cc's two months ago and still have not been update...really sucks

Reply by
idaknows

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2 People Helped
Helpful to 1 out of 2 people

I paid off my mortgage ($18,000) 6 months ago and my credit score did not change so don't hold your breath waiting for it to change unless it is something negative which will affect it immediately!

Reply by
purrcilla

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Helpful to 1 out of 2 people

The system was built to get the highest interest possible for bankers to fill their pockets, not to protect them from risk.  It's insane how bankers get away with muder.  That's why the consumer can never seem to get ahead.  They want to KEEP us in debt.

Reply by
Norav

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Helpful to 1 out of 2 people

You are right about the reporting.......go delinquent or inquire to a bank and its on your history pronto.......but pay off a bil like I did, and its been going on 3 weeks, it still haasn't reflected here on Karma, so I'm assuming that it hasn't been updated on the 3 credit companies either.

Reply by
PaMustang

3 Contributions
8 People Helped

Creditors are paying for this to exist just as they underwrite the credit reporting bureaus; hence,  they make the rules: post payments when THEY post, not when you send and they receive. So if the back offices  are backlogged  and payments are delayed in posting, consumers pay the consequences and not the managers or employees. However, eventually no one has good credit and so no cars, no durable goods, no major purchases of clothing or sports equipment are made. All discretionary cash goes to rising food and utility bills... meanwhile consumers fret over credit scores? It is only going to cut lenders out of interest payments in the long term evenb if they get high intersest and fees in the short term. When consumers sit our of credit for 10 years, the value of money goes down. That is why we have 0% interest offers... we have sat out.  I jumoed back in and am sorry already; creditors are not quick to fix their own problems!  

Reply by
SisuUSA

1 Contribution
0 People Helped

I am experiencing the same situation.  Yes, the credit bureaus are designed to protect creditors but it should be in a fairer manner to the consumer.

If you have real complaints, keep your documentation of scores and now CREDIT BUREAUS are being regulated by the CONSUMER FINACIAL PROTECTION BUREAU.  They will look out for us.  No more rigging by the bureaus to just keep our credit scores as low as possible so that BANKS, their clients, can get higher interests rates from us.

Reply by
tazguy123

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0 People Helped

no1mrrythem--You are EXACTLY right on. I navigated the system and finally after many, many ways end and hysterical I ended up with a compassionate V.P. at the ONE credit reporting bureau where you can actually send a handwritten letter to corp.ofc.--will reamin nameless--who, grasping my desperation and urgency to get qualified/reported accurately that day...in an almost impossible maneuver, CALLED my two delayed credit card reporters and ENTERED my balances as zero--my FICO zoomed to 700 for real, and my nightmare was over, just had to keep it there, but know that your characterization of WAIT, WAIT, AND WAIT, is precise, thank you.

Reply by
CwardMc40

3 Contributions
1 Person Helped
Helpful to 62 out of 80 people

Technically, a credit score can change at any point in time. For example, if someone applied for an auto loan this instant, the hard inquiry from the credit application should instantly be reflected on the credit report and their credit score would then be affected and change.

Aside from the instant inquiries, credit scores also change whenever a credit report is updated with new balances, loans, or derogatory information from a creditors. The frequency of the updates can vary by the credit bureau and the lender. In most cases, you can expect your creditors to report new balances, payment activity, credit limit changes, or late payment information every 30 days. For that reason, it is a good idea to check your credit score for accuracy at least once a month.

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Response by
hardeight

1739 Contributions
931 People Helped
Helpful to 5 out of 6 people

Last month I paid off the balance of a $15,662 loan.  It took 30 days to show as paid on Credit Karma but I am astounded it had no effect on my credit score!

Reply by
purrcilla

2 Contributions
6 People Helped
Helpful to 3 out of 5 people

why is my credit history only showing up to jun...instead of october?

Reply by
aministerofGod

1 Contribution
3 People Helped

My credit card balance is now 0$ my score sould have went up! Please update

Reply by
maxdeem

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0 People Helped

If I paid down both of my credit cards, how long does it take to show that change, and will it help my credit score?

Reply by
htweezer

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0 People Helped

i would like to know when my credit score will be updated.it has been quite awile since my balances have changed.

                                      thanks

Reply by
caesars31

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0 People Helped

why is my latest score way out of date? It is dated over a year ago. How can I get it updated?

Reply by
skywayken

1 Contribution
0 People Helped

MY SCORE HAS NOT CHANGED IN A YEAR!

Reply by
chevyman02

1 Contribution
0 People Helped

My bank has reported no pmts in 5months and the CC is noe paid off. How do I get Credit Karma to reflect the payoff and from what I read it appears I should always have a small bal on this CC as it is our only credit card. Is that true?

Reply by
Bluesbaby11

2 Contributions
0 People Helped

Also know you guys--this site is TransUnion (the only truly always FREE credit score/report I have ever seen, great!), but don't panic when you get an updated credit card statement in the mail or email and CreditKarma is behind.Know that your "UpdateMyReport/Score" does not update on the weekends, so wait 'til Monday (no biggie, one little glitch).I love it though, thanks.

Reply by
CwardMc40

3 Contributions
1 Person Helped

Keep in mind tha Kredit Carma is a FAKO Vantage score not a true FICO. I would wgaer next month KC might have something update score wise. 

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Reply by
Irish109

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31 People Helped
Superhero v Mr.Reliable?
Helpful to 2 out of 2 people

Remember, credit scoring is to protect lenders---as was said above. So, you pay off a $15,000 loan in one go---what does that tell a lender? That you have access to large amounts of cash at a moments notice and are, therefore, a good risk? Nope. They'll just see that as a one-off that in no way reflects your ability to CONSISTENTLY, RELIABLY & HISTORICALLY make (at least) minimum payments on your debts---even if those debts are large and long-standing.

You don't need to be a one-off payment "superhero"---you need to be (boringly) everyday, comon-or-garden reliable.

This is just my common-sense take on it---what do you think?

Response by
sparkeyes

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2 People Helped
Helpful to 5 out of 5 people

This is the best credit advise or comment i have ever heard. We are not entitled to anything from a lender. We have to prove we are worthy enough for them to lend THEIR money to. As for fees and such these lender charge, that i our fault. We choose to accept their offer and sometimes we have to pay the price. Instant-gratification is for the birds when it come to credit, just like most things in life.

Reply by
brianpeterson528

1 Contribution
5 People Helped
credit score
Helpful to 1 out of 1 people

my credit score has been the same for a few months why does it take so long to updated a new score

Response by
darjada

1 Contribution
1 Person Helped
credit score
Helpful to 1 out of 1 people

my student loan now shows 0 balance from 11,000 but my score is the same ck has now 0 balance on my student loans but the score is the same does it take more time to see a change in my score to update

Response by
chaz0719

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

What about when a Disputed item comes off of a credit report how fast does that affect your credit score?

Response by
katsmith

8 Contributions
16 People Helped

Technically it is immediately after it is reported to the bureau. But keep in mind the report is not always immediate.

Review by
CK Moderator

Remember that Credit Karma is a FAKO score and does not update right away. You want to look at your FICO score to see what your real score is. Credit Karma is often close to your Trans Union credit score. Credit Karma will relect items removed from Trans Union but it will take a few days to a couple weeks.

 A disputed item that comes off your credit report will reflect right away on that credit report and that respective credit score. Credit score/FICO/FAKO'S are all different scores. So you will have a credit score for each of your credit reports as well as FICO scores for each of them. You can have as many FAKO scores as sites you feel like signing onto. 

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Reply by
Irish109

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31 People Helped
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