Hyundai 2 months behind on auto loan payment reporting

[cabledude27]

Hi, I have a quick question, and I tried to search for an answer before posting. I just got a MyFico alert today that my car loan balance went down, and when I looked, it was showing the June payment. We're now in September, and I've paid July, August, and September.  

So, in reality, my car loan is down much more, and I'm not getting the benefit of additional payments on time that are not being reported promptly.  

Is it normal for auto loan providers to have this long delay in reporting to credit reports?

[pizzadude]

I don't have any specific knowledge for Hyundai finance but yes in general it can happen from time to time.

You don't receive "credit" or FICO points for on-time payments so the good news here is that you're not being punished.  The only issue I can see is that your balance would be reported as higher than it really is but this shouldn't have a material effect on your scores. 

[markbeiser]

The reporting of my home and my car loans both run a full month or more behind, different financial institutions too.