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Credit report update after account paid off

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Anonymous
Not applicable

Credit report update after account paid off

How soon after the debt paid off, the updated info shows as "account paid"  on my file ? My case with Cap One (Weltman Weinberg Reis / Collector). I have been waiting for a week now, report has not updated yet.

 

 

Thanks

Message 1 of 6
5 REPLIES 5
llecs
Moderator Emeritus

Re: Credit report update after account paid off

Usually within 30 days after receipt of pmt. Most only update 1x/mo.

Message 2 of 6
madmann26
Valued Contributor

Re: Credit report update after account paid off


@Anonymous wrote:

How soon after the debt paid off, the updated info shows as "account paid"  on my file ? My case with Cap One (Weltman Weinberg Reis / Collector). I have been waiting for a week now, report has not updated yet.

 

 

Thanks


Cap1 takes forever to update. When I paid mine, I saw an update about 30days later for the amount I settled for which reduced my util and then again about 45days (15 days later) to report a $0 balance which dropped my util even more.

 

Just be patient.

Current FICO 9 Scores



Message 3 of 6
Anonymous
Not applicable

Re: Credit report update after account paid off

Did you asked Cap One to remove the account  ?

Message 4 of 6
Target1212
Regular Contributor

Re: Credit report update after account paid off

I was wondering the same thing, except I had a CA get paid (not deleted) but need the balance updated to 0, Looks like 30-45 days :-( Seems like forever!

Message 5 of 6
Anonymous
Not applicable

Re: Credit report update after account paid off

I called Cap One Recovery Dept, they told me it took 22 days to update the credit file. I knew they will reported the balance as zero. However, to improve the score, we need to have the account removed.

Message 6 of 6
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