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Regular Contributor
JasonBourneOfCredit
Posts: 218
Registered: ‎02-27-2010
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4th of July slowing down credit updates?

One of my tradelines always updates on the 3-5th of the month and according to my experian it still hasnt updated. Maybe tomorrow?

 

Anyone else experiencing this?

 

Lots of anxiety because once it posts (paid a bunch down, waiting for score increase) I'll be getting an auto loan.

Hey goofballs, Jason Bourne is from the Bourne movies. Yeah that guy. Of credit. Get it?

Starting Score: 561
Current Score: 734 FICO
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Regular Contributor
sunshine7157
Posts: 137
Registered: ‎11-11-2011
0

Re: 4th of July slowing down credit updates?


JasonBourneOfCredit wrote:

One of my tradelines always updates on the 3-5th of the month and according to my experian it still hasnt updated. Maybe tomorrow?

 

Anyone else experiencing this?

 

Lots of anxiety because once it posts (paid a bunch down, waiting for score increase) I'll be getting an auto loan.


I'm in the same boat. My mortgage & auto usually report on the 4th & 5th. I would guess that between July 1st falling on a Sunday (not a business day) & the 4th of July also not being a business day, things are slower than usual.


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pizzadude
Posts: 9,674
Registered: ‎01-28-2010
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Re: 4th of July slowing down credit updates?

Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Moderator
Revelate
Posts: 9,485
Registered: ‎12-30-2011
0

Re: 4th of July slowing down credit updates?


pizzadude wrote:
Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday


Banks =/.  All done by computer anyway, just batch it up and go automagically, but no....

 

I don't understand the non-business day policy of banks these days.  Even in the smaller lenders where it's just one person triggering one batch, and it's the same script run over and over again against their consumer loan database.

 

Maybe the next time I work at a lender I'll ask one of the business folks why they do that, but it's nearly universal.  

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: 4th of July slowing down credit updates?

It's one thing when it's a "holiday", but when it's a federal holiday, forget it.

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Regular Contributor
JasonBourneOfCredit
Posts: 218
Registered: ‎02-27-2010
0

Re: 4th of July slowing down credit updates?

I'm impatient to begin with, and when I'm waiting on a score increase that could send me over 720 possibly, I'm a NERVOUS FRIGGIN WRECK!! lol

Hey goofballs, Jason Bourne is from the Bourne movies. Yeah that guy. Of credit. Get it?

Starting Score: 561
Current Score: 734 FICO
Goal Score: 740

Decode the algorithm, beat the system. Credit is a game.


Decode the algorithm, beat the system. Credit is a game.
Established Contributor
stan_the_man
Posts: 855
Registered: ‎06-29-2010
0

Re: 4th of July slowing down credit updates?


Revelate wrote:

pizzadude wrote:
Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday


Banks =/.  All done by computer anyway, just batch it up and go automagically, but no....

 

I don't understand the non-business day policy of banks these days.  Even in the smaller lenders where it's just one person triggering one batch, and it's the same script run over and over again against their consumer loan database.

 

Maybe the next time I work at a lender I'll ask one of the business folks why they do that, but it's nearly universal.  

 

 


That one guy want his vacation/day off/holiday too. :smileyhappy:

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BigDaddy18
Posts: 673
Registered: ‎04-23-2009
0

Re: 4th of July slowing down credit updates?

I know what your saying  it's slowing down my Loan Officer review for my Platinum PenFed CC application!!

 

Gerrrrrrrrrr

 

All the loan officers took the week off I think?


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Regular Contributor
JasonBourneOfCredit
Posts: 218
Registered: ‎02-27-2010
0

Re: 4th of July slowing down credit updates?

[ Edited ]

Banking must be the best job ever.

 

Work 2 hours. Take 2 hour lunch break. Hit on married secretary. Back to work for 1 hour. Home to wife.

 

 

Hey goofballs, Jason Bourne is from the Bourne movies. Yeah that guy. Of credit. Get it?

Starting Score: 561
Current Score: 734 FICO
Goal Score: 740

Decode the algorithm, beat the system. Credit is a game.


Decode the algorithm, beat the system. Credit is a game.
Valued Contributor
j_casteel
Posts: 1,907
Registered: ‎06-21-2012
0

Re: 4th of July slowing down credit updates?


JasonBourneOfCredit wrote:

Banking must be the best job ever.

 

Work 2 hours. Take 2 hour lunch break. Hit on married secretary. Back to work for 1 hour. Home to wife.

 

 



hahaha

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