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Credit Report Updates

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dogglb91
New Visitor

Credit Report Updates

Does anyone know how long it takes for your credit report to be updated with new information (i.e. paid-off accounts, credit disputes, etc.)?


Message Edited by dogglb91 on 06-10-2007 11:31 AM

Message Edited by dogglb91 on 06-10-2007 11:31 AM
Message 1 of 4
3 REPLIES 3
MidnightVoice
Super Contributor

Re: Credit Report Updates


TheNewWorldMan wrote:
Remember that credit bureaus use different methods to receive and process good versus bad credit information.

Information that would negatively affect your credit rating--like a late pay or charge-off--is instantly beamed from the creditor to the agency via Department of Defense 256-megabit fiber optic lines and written to their servers in 8.6 milliseconds.

Information that would positively affect your credit rating is scribed onto scrolls in special ink by Gregorian monks, which are then painstakingly illuminated. The Credit Scrolls are then placed onto camel caravans which wind their way to the credit bureau headquarters by way of Marrakesh, Dubai, and Tripoli. Once the caravan reaches Equifax, Experian or TransUnion, the scrolls are then laid out in the sun for a week so that the special ink can be read. (Note that the weather around the credit bureau headquarters is notoriously gloomy, like FICO itself, so finding seven consecutive days of sunshine can be quite an ordeal in and of itself.) Only then can the information finally be encoded into your credit files...

 

One of the all time classic posts   Smiley Very Happy

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 4
Anonymous
Not applicable

Re: Credit Report Updates

Now THAT is a classic response.  Smiley Very Happy
 
In all serious though, it just depends.  The CRA's have 30 days to settle a dispute unless it's filed with your free annual credit report in which case they have 45 days.   I have had disputes settled the very next day and then some that weren't settled for the full amount of time.  There's just no real way to tell.  Good luck with your disputes.
Message 3 of 4
MidnightVoice
Super Contributor

Re: Credit Report Updates

And as for the non disputed items, they update when they recieve the information from the creditor, be it good or bad
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 4 of 4
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