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Chase and Orchard not updating.

Frequent Contributor

Chase and Orchard not updating.

Good morning all,

Has anyone had an issue with Chase and/or Orchard banks not updating in a timely manor. I haven't had anything update to my reports since Jan,10th.

I noticed this on my CCT account and pulled my report and score from here to confirm. No updates.

Have a great Friday!

CB


Starting Score: EQ 618 TU 585
Current Score: EQ 680 TU 698 EX 681 (lender pull 04/2010)
Goal Score: EQ 720 TU 720


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Message 1 of 4
3 REPLIES
Established Contributor

Re: Chase and Orchard not updating.

Chase updated for me last week.

Message 2 of 4
Frequent Contributor

Re: Chase and Orchard not updating.

Chase updated my report last week too.  Between the 6th[my statement date] and the 11th, so no more than 5 days later the CRB's had updated my report.  Orchard is another story but from what i've read around here, the CRB's usually update for them around the 15th of the month since, Orchard doesn't report until the last business day of the month. 


Starting Score: EQ 729, TU 752, EX ? (1/1/2011)
Current Score: EQ 696, TU 718, EX 686 - PSECU (5/17/2011)
Goal Score: ALL 800+ by December 31, 2011

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Message 3 of 4
Community Leader
Epic Contributor

Re: Chase and Orchard not updating.

Unfortunately, the FCRA places no requirements on ":timely updating" to a CRA.

The FCRA does place the requirement that what a creditor reports must be accurate, but not upon how often they must update.  They can choose to report monthly, quarterly, bi-annually, anuually, or to never report again.

That is a business decision of the creditor, and they pay the CRA to report under whatever their contract is with the CRA,

I know it is frustrating, but not something that is any violation on their part.

Message 4 of 4