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Updating info on credit reports

Regular Contributor

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
Message 1 of 4
3 REPLIES
Super Contributor

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
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 4
Moderator Emeritus

Re: Updating info on credit reports

Each creditor\lender reports on different days. Reporting usually happens only once a month.
Message 3 of 4
Senior Contributor

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)
 
Message 4 of 4