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Established Contributor
tcbofade
Posts: 1,044
Registered: ‎09-26-2011

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?



Last app 08/08/2012. App free in 2013!

Current Scores: EX 665 (FCR) TU: 668 (Wally) EQ: Your guess is as good as mine. :smileytongue:



Zero percent financing is where the devil lives...

Last app 08 Aug 12. Next app 01 January 2013.

New Contributor
Cellice
Posts: 148
Registered: ‎07-04-2012

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.

Established Contributor
tcbofade
Posts: 1,044
Registered: ‎09-26-2011

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....



Last app 08/08/2012. App free in 2013!

Current Scores: EX 665 (FCR) TU: 668 (Wally) EQ: Your guess is as good as mine. :smileytongue:



Zero percent financing is where the devil lives...

Last app 08 Aug 12. Next app 01 January 2013.


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