topic 4th of July slowing down credit updates? in General Credit Topics

4th of July slowing down credit updates?

JasonBourneOfCredit — Fri, 06 Jul 2012 17:02:47 GMT

One of my tradelines always updates on the 3-5th of the month and according to my experian it still hasnt updated. Maybe tomorrow?

Anyone else experiencing this?

Lots of anxiety because once it posts (paid a bunch down, waiting for score increase) I'll be getting an auto loan.

Re: 4th of July slowing down credit updates?

sunshine7157 — Fri, 06 Jul 2012 17:20:28 GMT

@JasonBourneOfCredit wrote:
One of my tradelines always updates on the 3-5th of the month and according to my experian it still hasnt updated. Maybe tomorrow?

Anyone else experiencing this?

Lots of anxiety because once it posts (paid a bunch down, waiting for score increase) I'll be getting an auto loan.

I'm in the same boat. My mortgage & auto usually report on the 4th & 5th. I would guess that between July 1st falling on a Sunday (not a business day) & the 4th of July also not being a business day, things are slower than usual.

Re: 4th of July slowing down credit updates?

pizzadude — Fri, 06 Jul 2012 18:00:34 GMT

Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday

Re: 4th of July slowing down credit updates?

Revelate — Fri, 06 Jul 2012 18:23:15 GMT

@pizzadude wrote:
Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday

Banks =/. All done by computer anyway, just batch it up and go automagically, but no....

I don't understand the non-business day policy of banks these days. Even in the smaller lenders where it's just one person triggering one batch, and it's the same script run over and over again against their consumer loan database.

Maybe the next time I work at a lender I'll ask one of the business folks why they do that, but it's nearly universal.

Re: 4th of July slowing down credit updates?

Anonymous — Fri, 06 Jul 2012 18:32:06 GMT

It's one thing when it's a "holiday", but when it's a federal holiday, forget it.

Re: 4th of July slowing down credit updates?

JasonBourneOfCredit — Fri, 06 Jul 2012 19:40:50 GMT

I'm impatient to begin with, and when I'm waiting on a score increase that could send me over 720 possibly, I'm a NERVOUS FRIGGIN WRECK!! lol

Re: 4th of July slowing down credit updates?

Anonymous — Sat, 07 Jul 2012 21:28:37 GMT

@Revelate wrote:
@pizzadude wrote:
Just speculation on my part but I think that both creditors and the CRAs will be delayed by a few days due to July 1 being a Sunday and also the July 4 holiday

Banks =/. All done by computer anyway, just batch it up and go automagically, but no....

I don't understand the non-business day policy of banks these days. Even in the smaller lenders where it's just one person triggering one batch, and it's the same script run over and over again against their consumer loan database.

Maybe the next time I work at a lender I'll ask one of the business folks why they do that, but it's nearly universal.

That one guy want his vacation/day off/holiday too.

Re: 4th of July slowing down credit updates?

Anonymous — Sun, 08 Jul 2012 05:40:59 GMT

I know what your saying it's slowing down my Loan Officer review for my Platinum PenFed CC application!!

Gerrrrrrrrrr

All the loan officers took the week off I think?

Re: 4th of July slowing down credit updates?

JasonBourneOfCredit — Sun, 08 Jul 2012 09:14:48 GMT

Banking must be the best job ever.

Work 2 hours. Take 2 hour lunch break. Hit on married secretary. Back to work for 1 hour. Home to wife.

Re: 4th of July slowing down credit updates?

j_casteel — Sun, 08 Jul 2012 09:38:52 GMT

@JasonBourneOfCredit wrote:
Banking must be the best job ever.

Work 2 hours. Take 2 hour lunch break. Hit on married secretary. Back to work for 1 hour. Home to wife.

hahaha