olemissfan Posted January 18, 2008 Report Share Posted January 18, 2008 Hi there. This is this newbie's first post. I'm just beginning my journey of credit repair and my first question is a biggie for me. I paid off a large amount that I was behind on my mortgage and I'm now current. I searched the site trying to find an answer to this question but didn't find one. How often do the credit reporting agencies update their records? I guess I was stupid and thought it was automatic or something. And a 2nd part to the question..how much should I expect my credit score to go up when the agencies do update? Thanks for listening to a dummy's questions Link to comment Share on other sites More sharing options...
VeVe Posted January 18, 2008 Report Share Posted January 18, 2008 It's not the CRA's updating the reports really, it's the creditors sending their updates to the CRA's. You could have an updated report at any time depending on who is reporting and when they are reporting, if you know what I mean. Each creditor typically reports at the same time of the month, i.e. Creditor A might always report on the 5th, Creditor B might always report on the 14th, etc. As far as the jump in score, that's anyone's guess. It may not be big at first, but after a few months of being on time, you may see a decent increase. Link to comment Share on other sites More sharing options...
olemissfan Posted January 18, 2008 Author Report Share Posted January 18, 2008 So, a bank probably doesn't do this but once a month. If I don't see an update on my cr by then, they will be getting a phone call. Thanks for that info. Link to comment Share on other sites More sharing options...
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