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Any idea why lenders don't report evenly?

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GApeachy
Super Contributor

Re: Any idea why lenders don't report evenly?


@Anonymous wrote:

TU can be quite delayed. I freaked out this morning because I got a new account alert on TU and I haven't opened anything -- it was my Target account that has been reporting for over a month on EQ and EX. 


Exp just gave me palpitations as well.  They alerted me that my new card I opened 2 months ago closed.  Of course had to log in to see it's still there on the report as well as logging into the bank.  Dang!

All 3cb's reported back in the summer that I had missed a pymt. on my heloc and actually increase my balance.....all of that was false too but they sure had my bank and myself scratching our heads.

Crazy how things get jumbled up and confused.Smiley Mad

My Take Home Pay Don't Take Me Home
Message 11 of 18
babbles
Established Contributor

Re: Any idea why lenders don't report evenly?

or is it MyFico reports slow?  EX reported my correct balances across the board the day my lender reported

Message 12 of 18
babbles
Established Contributor

Re: Any idea why lenders don't report evenly?

I guess this is what I mean, so USAA usually reports my installments to the files right at the 1st of the month and nothing thus far but it must be slow reporting by the  credit files like some have said, paid down my auto by $3500 and the other by $1100

Message 13 of 18
babbles
Established Contributor

Re: Any idea why lenders don't report evenly?

Why would they release info slowly??   Makes me think they are manipulating numbers for some reason.

Message 14 of 18
OmarGB9
Community Leader
Super Contributor

Re: Any idea why lenders don't report evenly?

No idea why they take forever with stuff, doubt it's anything malicious (what would they gain?), just simply inefficient.

Last App: 1/10/2023
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Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 15 of 18
Iusedtolurk
Established Contributor

Re: Any idea why lenders don't report evenly?


@OmarGB9 wrote:
No idea why they take forever with stuff, doubt it's anything malicious (what would they gain?), just simply inefficient.

Hmmm I have several places I check for scores...andddd I've noticed some of them rate in a negative way and then suggest a credit repair company like: Lexington Law Firm will help you with this.

 

For example I have a 6 year old collection (only baddie) 13 accounts perfect payment history and a couple of places grades my payment history with an Big Red "F" then suggests Lexington.

 

Pretty much my other places I check grade my payment history as Exceptional.

 

 

Message 16 of 18
babbles
Established Contributor

Re: Any idea why lenders don't report evenly?

had  an inquiry because I bought a newer car last night and the inquiry showed up immediately with  7 pt drop Smiley Happy 

Message 17 of 18
Anonymous
Not applicable

Re: Any idea why lenders don't report evenly?

Need to add (others have also so stated) that TU is known to be slow updating lender information. Some report (including myself) it can up to ten days to update your lender experiences. Will add that my Discover Card statement closed and within four hours Experian reported the credit update (I was testing this one and watching - impressive).

Message 18 of 18
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