topic Re: Credit Report Updates in General Credit Topics

Credit Report Updates

Anonymous — Fri, 04 Oct 2013 11:07:58 GMT

I just paid off a few credit cards. How long should I wait to check my score?

Re: Credit Report Updates

takeshi74 — Fri, 04 Oct 2013 12:16:49 GMT

There's no single answer for everyone out there. Credit cards typically report with a few days of statement close and it takes the CRA's some additional time to update. Some cards do report on a specific date such as the beginning of the month. Monitoring your reports is the only way to have a definitive answer.

Re: Credit Report Updates

Anonymous — Fri, 04 Oct 2013 13:21:19 GMT

I paid off 3 cards on 9/20 that had high balances. One Cap 1 reports on the 30th of the month (closes on the 27th) and has already updated, another Cap 1 reports around the 10th (closes on the 6th) so I'm expecting that one to update next week and then Home Depot reports around the 18th. If I could have paid them off a week earlier the Home Depot would have updated sooner and not taken a full month.

It all depends on your timing with the payments and when the statements close and report (like takeshi74 stated).