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Regular Contributor
Posts: 123
Registered: ‎06-04-2007
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Updating info on credit reports

Does anyone know what day of the month the credit agencies update their records? Is it the last day...or earlier?
ZenYoga
Super Contributor
Posts: 8,172
Registered: ‎03-25-2007
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Re: Updating info on credit reports

I think they do it whenever they recieve new information, which could be many individual days in a month.  For example, every time a CC reports a new balance
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Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
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Re: Updating info on credit reports

Each creditor\lender reports on different days. Reporting usually happens only once a month.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: Updating info on credit reports



Zen wrote:
Does anyone know what day of the month the credit agencies update their records? Is it the last day...or earlier?


Generally varies with every lender and every account.
 
As a general rule, the sequence is as such:
Payment due date
Statement closing date (4-5 days later)
Updated reporting on the CRAs (3-5 days later)
 

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