I can understand as I went through the same situation few years back. However, it chiefly depends on when your creditors report your new balances.

I recently paid off almost 75% of my outstanding credit card balances but see no updates in my credit score. I've requested balance reports from all my credit card companies as I'm going to refinance my mortgage son and for that I need the best possible credit score. When I use my credit cards, I see immediate updates in my credit report. But when I pay them off, why I don't see any update? What should I do now?

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I can understand as I went through the same situation few years back. Without knowing the FICO model it's really tough to answer. However, it chiefly depends on when your creditors report your new balances. If you have paid them just after the previous updation, then you have to wait for a whole new cycle. You can do one thing. You can fetch a free copy of your credit report and get an idea of exactly when your creditors report to the bureaus. This way you can know how long you've to wait.

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Usually, it takes from 30 to 60 days to to update. Nowadays, most creditors report after every 30 days, but some might take 60-90 days to report. It's only the lenders who can tell you exactly.


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