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