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How long does it take CC to report balance decreases?

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Anonymous
Not applicable

How long does it take CC to report balance decreases?

Hello - I have been paying down a Macy's credit card for the last couple months. I've gone down from $4k to about $1800. Any ideas how long it will take to see that reported and when it may have an impact on my FICO?

 

Thanks for your help. 

Message 1 of 3
2 REPLIES 2
pizzadude
Credit Mentor

Re: How long does it take CC to report balance decreases?

 

Most creditors report your statement balance/CL to the CRAs once a month, usually around the time the statement is generated.   The CRAs may take a few days more to process the updates.    When does your next statement cut ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 3
Anonymous
Not applicable

Re: How long does it take CC to report balance decreases?

Hi and thanks. My next statement cuts on 5/1. Hopefully they will report soon thereafter. 

Message 3 of 3
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