Sign in to follow this  
circa

Can credit card companies report payments immediately?

Recommended Posts

My loan officer told me that if I pay off my credit cards it will boost my score 33 points thats not a problem but when I made the payments the cc company told me that they only update the CRA every 30 days.. Is there any way to get them CC company to update the file faster?  

 

Share this post


Link to post
Share on other sites

Not really.  They all have automatic cycles.  But, "every 30 days" doesn't mean YOU will have to wait 30 days...you might get lucky...maybe you made your payments in the middle or end of their cycle.

Share this post


Link to post
Share on other sites

It depends on the day of the month - submitting early good chance the following month changes could appear. 

 

Waiting late month - will most like take till the following month to see any changes.

Share this post


Link to post
Share on other sites

You will usually have to wait on the credit card. However, you can try to request an update thru the credit bureau by challenging the balance of the card. the only issue with this is that it may take up to 30 days also.

Share this post


Link to post
Share on other sites

Most of them update soon after the closing date on the card. If you know that date for this particular card, then assume it would be updated within about 10 days of that.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this