When/How frequently does CRAs increase score?

Question

In hopes of raising my score 5 points I just paid off one of my credit cards leaving a balance of about $5.00. The credit card will report to the CRA's tom, March 16. My question is: will my score raise simulataneously (if at all)?

Thanks in advance.

Answer 1

Your credit report is updated whenever a creditor reports anything to the CRA. Your credit score is computed 'on the fly' every time it is needed. If the information on your report has changed, the score will be different. The CRA does not actually store your score.

Answer 2

it may take time.. but it will go up