How 'rapid rescore' affects your credit

A rapid rescore is fairly predictable
A rapid rescore is fairly predictable © nasirkhan/

A rapid rescore is fairly predictable

Before you go through the rapid rescoring process, your lenders will have a pretty good idea of just how much your score could rise. That's because there's an app for that.

The clients who are most likely candidates are potential borrowers with scores from the mid-600s to the 720s who are "five to 10 points off" from where they want to be, Bailey says. "That's who's going to benefit most from the rapid rescoring."

She adds: "Typically when we're just trying to get to the next tier for (a better rate), that's when we're going to have the most benefit. And getting that better rate on a mortgage can result in substantial savings either through interest rates or out-of-pocket costs."


Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.12% --0.00 16.12%
Cash Back Cards 16.45% --0.00 16.45%
Low Interest Cards 11.23% --0.00 11.23%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Jeanine Skowronski

Credit bureaus to change ways

The three big bureaus will pay a fine and change how information is added, reviewed and removed from credit reports.  ... Read more

Partner Center

Connect with us