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4th of July slowing down credit updates?

Regular Contributor

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.

Decode the algorithm, beat the system. Credit is a game.
9 REPLIES
Regular Contributor

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.

Super Contributor

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

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 5 561, TU 98 567, EX 2 599 (12/30/11)
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Blogger

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

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

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

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. Smiley Happy

Frequent Contributor

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

Re: 4th of July slowing down credit updates?

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.

 

 

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

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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