How often is your credit scored recalculated?
913330
Your credit can change minute by minute.  It all depends on when companies that you have accounts with report to the bureaus.  When the companies report, it changes not only your payment status, but outstanding balance in comparison to high credit limit, # of months reported, and how long the account has been opened,etc and all these will affect your credit score.\n\nAlso not all companies report monthly when you are in good standing, they may report less often, so that good history my not show as soon as payments are made.
885180
I have been dealing with peoples credit reports for almost 10 years and I have never seen al 3 bureaus the same. I have seen over a 100 point difference so take a look at all of them. I know that mortgage companies will use the mid score and car dealerships will use the highest score.
702044
No. It's just a credit inquiry. But, if there are more than 2 credit inquiries, then it can affect your score.
250326
Typically raising your score by 10 points will not affect your scores enough to change your interest rates unless you know you are 10 points or less below the next credit tier(an auto loan example)\n\nI paid off my Macy's card last month and it was less than 50% utilized(I had a balance less than 50% of my credit line) and it only raised my FICO score(Equifax) by 12 points. I actually thought it would raise my score more since this was the only credit card I had that had a balance. \n\nGo figure, that's why credit scoring doesn't always make sense.\n\nGood Luck
991465
As a former financial counselor seeing the number 7 makes me cringe. I am not sure where people get their information, but the "7 year" rule is something from the past. Realistically nowadays, depending on the type of debt, negative credit history can remain on your credit report up to 10 years, sometimes even longer than that. Collection agencies make it a regular routine to sell older accounts from one to another, each time reporting it as a new uncollected debt on your report. As far as bad debts, the statutes of limitations, which varies by state, is 7-10 years after your first delinquency. That is, this is the amount of time that can pass before the lender is no longer able to take any legal actions to satisfy the debt. If I were you, I would make an honest attempt to pay off some of these debts in order to improve your credit rating. It's always better to take action than to sit back and wait for things to happen. Bad credit isn't fixed overnight. It takes time and energy on your part to correct the situation that you put yourself in. Be patient and make an effort, and you will see your credit rating improving over time.
6968
According to Wikipedia:\n\n* 35% punctuality of payment in the past\n* 30% capacity used, i.e., ratio of current revolving debt (e.g. credit card balances) to total available revolving credit (e.g. credit limits)\n* 15% length of credit history\n* 10% types of credit used (installment, revolving, consumer finance)\n* 10% recent search for credit and/or amount of credit obtained recently\n\nActually the more credit cards you have, (and keep up to date on payments) the better for your credit score. You should never be over 75% of Credit Limit, to increase your credit score.
145733
You can get a free credit report and score at www.annualcreditreport.com once a year. Most places don't usually give scores, just the credit report, but Experian usually does.
928748
Speaking as a nationally known credit score and lending expert (book, radio shows, newpaper column, etc)....\n\nIt depends entirely on the TYPE of account, and also your other credit reported. I can give some general guidelines, though.\n\nMortgage payment late 30 days, 60-120 points\nAuto loan payment late 30 days once 30-55 points\nCredit card late payment once 15-30 points
852326
To the best of my knowledge creditors only report every quarter. I get quarterly reports and I've had my score go up as much as 8 points within a three month period.
298605
Most of the people answering in the credit section have no clue about FICO credit scoring.\n\nIf you have a "dormant" (your term) credit card that you have had for a long time and it is not reporting any late payment then having that account and not using it will be a positive factor for your score. The thought that you can have too many cards and that is risky isn't proven in the credit scoring model used by FICO. People who get into trouble usually carry balances on all their cards. If you have lots of accounts with zero balances that shows credit responsibility.\n\nFrom a practical standpoint having 3-6 revolving accounts(with near zero balances) and 1-2 installment accounts(car, mortgage) will be "optimal" for attaining an Excellent credit score (720+) If you have more revolving accounts then you might consider which ones you don't ever use and close them.\n\nGood Luck
1036498
It is NOT just once a month - save household bills.  Credit card companies are pretty sneaky - 20 to 25 days is the grace period on bills.  That means the statement date will not be the same each month.  Learn to read those tiny print pamphlets that come w/ credit cards. \n\nLearn the APR, annual fees, what happens to your interest rate if you go over limit, pay late.\n\nNo matter what, it is crucial that you pay in full each and every time the bill comes.  Only then do you have negotiating power w/ the credit card agencies.\n\nDon't believe the hype that you should carry a small balance on a card to "show payment history."   \n\nSadly, on your first day of school on Campus you will have multiple offers of pre-approved student Visa, Mastercard, Discover, just waiting for you to sign on the dotted line.\n\nIf you can't bring yourself to plow through ALL the disclosures in tiny print, then don't sign up for them.  College credit is literally the path to financial hell.
458443
If you check your own credit it has absolutely no affect on your credit score at all. If you apply for a loan or new credit card once in awhile (say once every 6 months or so) that shouldn't affect your score either. Its when you apply for too much at one time that it hurts your FICO score. It makes you look like a risk. (That you might take out too much in credit cards or other unsecured debt)
1174120
I believe fatwallet.com has info about this.  I believe, not positive, that the hard credit score means they pull your report as an inquiry instead of viewing for updates.  When making a purchase such as a mortgage or lease a hard hit is made.  When you have a credit card - periodic checks are done by your creditor to make sure your score or credit status hasn't changed drastically.  Some credit cards will raise the rate if your delinquent on any other bills, but it isn't considered a hard hit when they check you credit like this..  There is a name for this type of credit check but I can't think of the name. Hope this helps.  Like I said I am not positive.  Check out the website though fatwallet.com..... I read some forums there earlier about this subject.  There is a list of companies that pull these.  Not an extensive list - but list.....
124150
It really depends on the credit company you are using.  I use LandAmerica.  And with them, I first figure out what can be done to raise the credit score.  (They have a system that allows you to see what needs to be done to obtain a certain score)  Its just an estimate, but pretty helpful.  Once that is done, you make the changes that are needed.  (Pay off that credit card, move around balances, get a letter from a collection agency that says something was mis-reported... and so on)  Once you have your proof that your credit needs to change, you supply that to the credit company and they supply it to the different Bureau.  I think the cost from company to company is about the same.  (About $25 per Credit Bureau per line item) Once that is all sent in, it will take about 5-7 business days.  Good luck!
395992
Pulling your own credit DOES NOT AFFECT your score. You are allowed to pull your own credit as many times as you need to for any reason and it should not affect your score. If for any reason it does, call the bureaus and report the company used.
746759
That depends on how often the interest is compounded.
1065251
The credit report goes in increments\n30 days, 60 days, 90 days.  Don't be late, especially on secured loans