I had 2 derogs (not my accounts) removed from my credit reports about 2 months ago. How long before my credit score changes to reflect this? I just had my credit report pulled for a mortgage app, and the score still has not changed. How often is the score updated?
RE: how long before credit sco Changes to your credit report IMMEDIATELY affect your credit score. Suppose your score was 700. And you went out and applied for 7 credit cards one after another. After each credit card inquiry, each creditor would have a lower score than the last, because inquiries are items that lower a score.
RE: how long before credit sco Yes, that is true for negatives, however I have noticed that it takes a little longer for the opposite scenario. After negatives were removed or positives were added good old fico/beacon did not recalculate until a few months later. That is my own personal experience. If your experience with positive changes is different let us all now.
RE: how long before credit sco I know the mortgage broker said it can sometimes take a while. Man I wish I had been able to get those incorrect account removed earlier.
RE: how long before credit sco Remember, every inquiry will ding your score too, so be careful how often you check it.
RE: how long before credit sco I'm not sure, but I think that inquiries generated by me won't count when calculating the score, since this is not an application for credit...
RE: how long before credit sco your correct, when you request your credit file it does not show on your credit, as you are not applying for a loan or credit. You may wish to confirm this with the CRA but thats what I've been told.