cancel
Showing results for 
Search instead for 
Did you mean: 

Reporting lag time?

Senior Contributor

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?



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 1 of 3
2 REPLIES
Regular Contributor

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.

Message 2 of 3
Senior Contributor

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....



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 3 of 3