@Anonymous wrote:
My student loan provider sent out updated reporting on the 30th of April and there has yet to be any updated reporting on my credit report. I consolidated my student loans and I'm wondering if this is going to drop my credit score. I called all 3 agencies and they have all stated that have not received any updated reporting. They told me to open a dispute. However, I don't want to do this because I'm in the process of buying a house. I don't want the underwriter to question the dispute.
Where are you in the house buying process? Are you just starting to look around at possible properties? (Might not actually close on a place for another four months?) Or is your lender in the final few weeks of official underwriting for a specific property?
It's not strange for an account to take 6, 7, or even 8 business days to appear inside the CRA database. That's that many days after the update was transmitted. It's Friday now. Only four business days have fully elapsed since it was submitted by the SL provider.
It's also important to note that this is not just an update of balances, but closing old accounts and a new account appearing for the first time, which might take a bit longer.
