Is Rapid Rescore Worth It?

A rapid rescore is usually recommended by your lender when your current credit score falls within a few points of the score that is needed to qualify for a better rate or loan terms.

Does rapid rescore hurt credit?

If you have recently missed a credit card payment, had a raise in hard inquiries, closed out a line of credit or had any other form of negative entry, requesting a rapid rescore would lower your credit score. A rapid rescore will not raise your credit score alone, but rather update your current credit profile.

How long does a rapid rescore take 2020?

Credit report updates can often take 30 to 60 days. Rapid rescore will push these updates to the front of the line and can be available in as little as three days. Either method can give the lender a more accurate view of your credit history and can save you quite a bit of money.