Knowledge Center

How Often Does Your Credit Score Update?

Reading time: 3 minutes

Highlights:

  • Your credit scores are not fixed numbers and will likely change over time based on your financial behavior.
  • For your credit scores to update, the information in your credit reports must update first.
  • It's up to your individual creditors to determine when and how often they will report your credit information to the three nationwide consumer reporting agencies.

A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.

Credit scores are not fixed numbers. They will change over time based on your financial behavior and other information reported to various consumer reporting agencies (CRAs).

How often are credit scores updated?

Your credit scores typically update at least once a month. However, this may vary depending on your unique financial situation.

Credit scores are calculated based on the information included in your credit reports. So, for your credit scores to update, the information in your credit reports must first change.

A credit report is a summary of your financial behavior over time. It may include information about the number and types of credit accounts you have, your payment history, the total credit available to you and other information such as recent requests for credit.

Credit reporting is voluntary. Not all lenders report information to the three nationwide CRAs — Equifax, TransUnion and Experian. It's up to each individual lender to decide if and when they will report information as well as which of the CRAs they report to, if any.

Lenders that choose to report, typically do so monthly. Credit card companies, for example, usually report by a recurring date known as the billing cycle or statement date. But the exact day of the month may be different for each provider.

In short, there's no set day that all lenders deliver information to the CRAs. Additionally, not every lender or creditor will share information with every CRA. Some may report to only one or two, or none at all.

So, when it comes to your credit scores, updates usually occur at least once a month but could be more frequent depending on how many lenders you have and when each of those lenders reports new information.

You will need to request a new copy of your credit score in order to see any changes. A free monthly VantageScore® 3.0 credit score (based on Equifax data) and Equifax credit report are available when you sign up for Equifax Core Credit. A VantageScore is one of many types of credit scores.

Remember, when it comes to your credit scores updating…

  • Although updates to your credit score usually occur at least once a month, this frequency could vary depending on your lenders and unique financial situation.
  • It's normal for your credit score to change over time based on your financial behavior.
  • It's up to each individual lender to decide if and when they will report information as well as which of the CRAs they report to, if any.
  • Be sure to request a new copy of your credit score in order to see any changes.
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