How often is my FICO score updated?

Your FICO score is updated regularly, typically whenever a lender reports new information to the credit bureaus. Most lenders report to the bureaus at least once a month, although some may do so more frequently. This means your FICO score can change each time new data is received and processed, reflecting your current credit status. Factors such as payment history, credit utilization, length of credit history, types of credit accounts, and new credit inquiries all play a role in how your score is calculated. Therefore, it is important to monitor your credit regularly, especially if you are planning to apply for new credit. To stay informed about your FICO score, individuals may want to utilize credit monitoring services or regularly check reports from the credit bureaus. For specific details or updates, one can look on the current FICO web page for more information.