Account not updating on One Credit Bureau report?

fricnfrac1 · ‎03-19-2014

I had a loan that I made a significant payment on in Feb. Both Experien and Equifax both show new lower balance, however Transunion still shows higher balance.

Any insight into this? Thank you! :-)

03/12/14 Fico 698 EXP

user5387 · ‎03-19-2014

There are often frustrating lags in updating information.

RobertEG · ‎03-20-2014

If it is not updated by the next reporting cycle, contact the creditor and remind them of their obligation to promptly update the information with each CRA.

It is not a "when we get around to it" discretion on their part.

It is a statuory requirment of FCRA 623(a)(2) that furnishers promplty update any prior reporting so as to maintain its current accuracy.

Promptly would be in their next regular reporting cycle.

fricnfrac1 · ‎03-20-2014

Thank you to both for replying. I will contact Transunion if it isn't updated. Thank you for giving me the specific words I can use if needed! :

03/12/14 Fico 698 EXP

RobertEG · ‎03-21-2014

You would not contact the CRA, you would contact the creditor.

It is the responsibility of the creditor to provide the updates. The CRA can do nothing unless the creditor reports.

Sonic98 · ‎03-22-2014

I contacted my bank because Experian was the only CB that was not showing my credit card. They said they could send some type of verification ot them. Now, every time I've talked to them since then, they've acted as if no one gave me that information, and they can only report on the usual reporting day.

@RobertEG wrote:
If it is not updated by the next reporting cycle, contact the creditor and remind them of their obligation to promptly update the information with each CRA.
It is not a "when we get around to it" discretion on their part.
It is a statuory requirment of FCRA 623(a)(2) that furnishers promplty update any prior reporting so as to maintain its current accuracy.
Promptly would be in their next regular reporting cycle.

xXIDaShizIXx · ‎03-22-2014

@RobertEG wrote:
You would not contact the CRA, you would contact the creditor.
It is the responsibility of the creditor to provide the updates. The CRA can do nothing unless the creditor reports.

This.

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