Rapid Rescore
What is Rapid Rescoring?
Is a service that offers to help you get credit report errors fixed and your credit reports updated to improve your credit score. This process happens more quickly than if you were to work directly with the credit bureaus — sometimes within a few days. It can also be used in cases in which the borrower has paid off a major debt and the repayment hasn’t yet been reflected on his or her credit reports.
If your credit score is within a few points of qualifying you for a better interest rate, having your credit reports updated via rapid rescoring can give you the boost you need. The process is reasonably predictable because lenders usually run a simulator beforehand to see how the update would affect your credit score.