Updating credit file

Data freshness drives the predictive accuracy of the equations, so the bureaus (Equifax, Experian, Trans Union) compete feverishly to keep things as current as possible.However, each data furnisher has a different refresh cycle.

Three concepts will help you understand how long you need to wait after paying off debt or bringing a delinquent account to current before your score improves. The answer depends on who will see the result (consumer or lender) and the source (website or bureau).Your lender credit score fluctuates as the underlying information in your consumer report changes.The bureaus update the files daily – even on weekends.The equations are time sensitive and need the freshest data possible.Therefore, they always work with the most current information –as it appears on the date of calculation.

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