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Valued Contributor
tcbofade
Posts: 2,519
Registered: ‎09-26-2011
0

Reporting lag time?

OK, dumb question, and we all know that I'm impatient...

 

Refinanced a car away from Santander earlier this month...as of today, when I log into Sandander's website, it shows a zero balance with zero payment due...but my credit report still shows the active trade line with a balance.

 

Any idea how long it takes Sandtander to report the loan as PIF?


Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...
New Contributor
Cellice
Posts: 148
Registered: ‎07-04-2012
0

Re: Reporting lag time?

It will likely get reported to the CAs when your next statement was due to be sent.

 

I bought a car last month on 7/23/12. The old loan is still on my reports and the new one is not showing yet.

Valued Contributor
tcbofade
Posts: 2,519
Registered: ‎09-26-2011
0

Re: Reporting lag time?

I'm just hoping that the old loan shows PIF before the new loan shows up...

 

Doesn't really make any difference I suppose....


Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...

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