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jenkins
Posts: 278
Registered: ‎04-29-2007
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Is it possible to get lenders to report to CRA's more often?

[ Edited ]
I just contacted my auto loan company and they only report to the CRA's every 6 months unless there is a late payment on the account.  Which i hate i mean why can you report a late payment asap but wont report that i am 3 payments ahead and my balance is steadly decreasing?  Is there anyway to get them to report more often?


Message Edited by jenkins on 06-26-2007 01:04 PM

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Tuscani
Posts: 6,182
Registered: ‎03-29-2007
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Re: Is it possible to get lenders to report to CRA's more often?

What an idiotic policy. Not much you can do though. Technically, they are not obligated to report at all.
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so_confused
Posts: 630
Registered: ‎06-20-2007
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Re: Is it possible to get lenders to report to CRA's more often?

yeah...I remember the days whe Mortgage co did not report ...unltil you defaulted
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jenkins
Posts: 278
Registered: ‎04-29-2007
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Re: Is it possible to get lenders to report to CRA's more often?

this sucks well every 6 months is better than not at all

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ilovepizza
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Re: Is it possible to get lenders to report to CRA's more often?

I wonder if you can dispute unreported payments by sending in statements.
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MidnightVoice
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Registered: ‎03-25-2007
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Re: Is it possible to get lenders to report to CRA's more often?

Patience is a virtue  :smileyhappy:
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Tuscani
Posts: 6,182
Registered: ‎03-29-2007
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Re: Is it possible to get lenders to report to CRA's more often?



ilovepizza wrote:
I wonder if you can dispute unreported payments by sending in statements.


Bad idea. There is a good chance the CRA would delete the entire TL.
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jenkins
Posts: 278
Registered: ‎04-29-2007
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Re: Is it possible to get lenders to report to CRA's more often?

yea i guess ill just have to be patient i mean this stuff gets to me because im still young im only 23 an the only things i really have are a few student loans, an account with a jewerly store thats almost paid off and a car payment.  I cant get approved for anything else to try to boost my scores.  I only have a few negative items argghhhhh **bleep** it.

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comin_up
Posts: 6
Registered: ‎06-23-2007
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Re: Is it possible to get lenders to report to CRA's more often?

which auto company is this?  i need to put them on my "do not disturb list"
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Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
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Re: Is it possible to get lenders to report to CRA's more often?

The frequently of such sins appear to be growing--either that or my exposure is increased. Might be something worth banging on elected leaders for a tweak to FCRA. Require monthly reporting on monthly revolving or installment loans.

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