Rapid rescoring is essentially what it sounds like – a rapid way to modify your credit history.

When disputing errors on your credit report, it can take creditors months to update your credit file with the major credit bureaus. Similarly, when paying down debt like credit card balances, it takes time for card issuers to report changes as well.

Loan officers use rapid rescoring to help boost a homebuyer’s credit score in a matter of days. Instead of taking months, rapid rescoring expedites the time it takes to update credit report information and issue new credit scores.

The amount of improvement to your credit report information will vary based on the types of negative items being updated, as well as the overall state of your credit history. The difference can result in a new credit score that’s increased by a few points to a hundred points.