How long does it take for Honda to Report to CRA's?

[Red1Blue]

I just got the loan from Honda Financial. Do they report to CRA's? If so how long would it take for them to report? I want to make a big chunk of payment before the loan hits my CR so I would see less drop in my scores. Any ideas on when and how soon Honda reports their loans to CRA's?

[marty56]

I cant answer your question directly but my new CU auto loan just reported on EQ and the first payment isnt due till the 27th.  I did not take a score hit on EQ but I fear for EX and TU. So you may not take a hit on any or all of the CRAs.

[Anonymous]

My financing is from Honda Finance.
They R very prompt.. they report every billing month with in couple of days..
Even First month too...

[Anonymous]

Unless your are applying for a new loan, auto or mortgage etc.. or having revolving accounts that apr would jump up because of DTI and if not PIF each month I wouldn't worry about what your score would be after this auto loan. As for making a chunk of payments, if the funds were available at time of sale you should have put that money on dp to lower your over all interest paid on the loan and make your monthly payment lower. Any points lost you can expect to get back in 6 months with all payments paid on time everytime.