Your 9 Most Common Credit Questions, Answered (Experian)

How Often Is My Credit Score Updated?

Your credit score can change[15] whenever new relevant information is reported to your credit file. Since this can happen at any time, your score could be different daily or even by the minute depending on when you or a lender requests it.

Here are a few examples of updates that can affect your credit score:

  • Payments
  • Changes to an account balance
  • Increases or decreases in your outstanding debt
  • New credit inquiries

Because your credit score can change frequently, don’t worry excessively about minor fluctuations. On the other hand, monitoring your credit regularly using a service like Experian’s free credit monitoring[16] can help you stay on top of cyclical changes to your credit score—and help you detect new credit inquiries that may be the result of identity fraud.

For more, see:

Can I Get a Loan or Credit Card With Bad Credit?

You can find loans and credit cards even if your credit needs a little help. However, the lower your credit score, the less appealing your options may be. Typically, borrowers with fair or poor credit can expect to pay higher interest rates and fees and may need to provide a refundable security deposit on new credit card accounts.

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