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Reporting lag time?

Senior Contributor

Reporting lag time?

OK, dumb question, and we all know that I'm impatient...

 

Refinanced a car away from Santander earlier this month...as of today, when I log into Sandander's website, it shows a zero balance with zero payment due...but my credit report still shows the active trade line with a balance.

 

Any idea how long it takes Sandtander to report the loan as PIF?




Gardening 18 Apr 2018-01 Nov 2018. Race me for the Gold!
Zero percent financing is where the devil lives...
10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
01/01/18 Fico8 scores: EX 655, EQ 661, TU 650
04/01/18 Fico8 scores: EX 637, EQ 630, TU 644 ow!
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2 REPLIES
Regular Contributor

Re: Reporting lag time?

It will likely get reported to the CAs when your next statement was due to be sent.

 

I bought a car last month on 7/23/12. The old loan is still on my reports and the new one is not showing yet.

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Senior Contributor

Re: Reporting lag time?

I'm just hoping that the old loan shows PIF before the new loan shows up...

 

Doesn't really make any difference I suppose....




Gardening 18 Apr 2018-01 Nov 2018. Race me for the Gold!
Zero percent financing is where the devil lives...
10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
01/01/18 Fico8 scores: EX 655, EQ 661, TU 650
04/01/18 Fico8 scores: EX 637, EQ 630, TU 644 ow!
Message 3 of 3