Hi, does anyone know how long it takes for the credit bureaus to reflect any major payments to the credit card companies?
Depends on when our creditors report and what balances they report.
TheCynicalOne wrote:I'm seriously considering sitting down and calling every CC company and finding out the exact day they report balances. There's such a discrepancy in reporting...like do they report the same day the statements go out or do they automatically report the same day for all the accounts no matter what the account is?
Technically then, cell phone companies don't have PP to pull your report, yet you can't get any non-prepaid cell service from a major carrier without a credit check. I think the rationale is that if it's not prepaid, then technically it is a credit account since they are offering one month terms, so they do have PP. They just don't report becaue they don't have to, and because they would have to pay for it if they did.
Cooneyca wrote:Befpre then it's not really a credit/loan account. Just an agreement to pay for services.