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How long after paying off an account will it take to update on your reports?

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JShidell
Frequent Contributor

How long after paying off an account will it take to update on your reports?

How long can I wait for this to happen? 30/60/90 days?

Its been over 30 days for two accounts I paid and closed but still show open and with a balance on my credit reports.

Thanks.


v/r
James
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marty56
Super Contributor

Re: How long after paying off an account will it take to update on your reports?

I would give it 60 days (2 billing cycles).  It seems to me tha CCCs always report a balance increase or late payment but are slow to report good news.  GEMB is really bad about that.
 
It seems that National City Visa or TU missed my payment from 1038 to 15.  I will give it a few more days otherwise it will be next month.  I hate waiting for good news to report but its better then waiting for bad news to report.


Message Edited by marty56 on 06-21-2008 07:04 AM
1/25/2021: FICO 850 EQ 848 TU 847 EX
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