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Credit Score/Report Updates

Valued Member

Credit Score/Report Updates

Question for everyone: Is it taking a little longer for creditors and credit bureaus to update scores and account information during COVID-19? I've just noticed my stuff not updating like they used to. I fully paid off a credit card and waiting to see my UTL go down, but it's been about 3-4 weeks since that was paid. 

 

I know I should be patient, but just was curious haha.

 

Thanks!!

Starting Score:5/1/2020 EQ: 483 / TU: 516 / EX: 543
Current Score: 6/29/2020 EQ: 530 / TU: 538 / EX: 573
Goal Score: 700


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4 REPLIES 4
Valued Contributor

Re: Credit Score/Report Updates


@dlr2000 wrote:

Question for everyone: Is it taking a little longer for creditors and credit bureaus to update scores and account information during COVID-19? I've just noticed my stuff not updating like they used to. I fully paid off a credit card and waiting to see my UTL go down, but it's been about 304 weeks since that was paid. 

 

I know I should be patient, but just was curious haha.

 

Thanks!!


I personally think so.

 

It has taken either my CCC or a couple of the CRAs up to 2 months to reflect some changes in my accounts. Could just be me, but I thought it was irregular.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 1•21 | EQ [F8 620] [F9 600] [EQ5 668] [VS3 651] | TU [F8 598] [F9 569] [TU4 605] [VS3 595] | EX [F8 587] [F9 553] [EX2 619] [VS3 589]
Goal Score: 680


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 12•20 | EQ [F8 635] [F9 540] [EQ5 599] [VS3 631] | TU [F8 635] [F9 587] [TU4 608] [VS3 667] [VS4 638] | EX [F8 654] [F9 628] [EX2 634] [VS3 680]
Goal Score: 680


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Message 2 of 5
Valued Contributor

Re: Credit Score/Report Updates

Why would this be, though?  The little old lady at the bank who usually types up all the balances and faxes them to the CRAs is now too busy helping customers with hardship requests?  Smiley Happy

EQ08 BE: 776 | TU08: 812 | EX08: 797
Chase Ink [21.5k], Citi DC [20k], Alliant [15k], GICU [15k], QS1 [14.7k], Amex OBC [10k], Sportsman's Guide [9.4k], Blispay [7.5k], PenFed [6.5k], Chase Amazon [6.5k], Discover it [5.2k], Citi TYP [5.2k], Chase Freedom [5k], Fidelity Amex [5k], Consumers CU [5k], Wyndham [5k], Synch/Amazon [5k], Synch/Paypal [5k], Elan [4.5k], Ft.Knox [2.5k], BofA BBR [2k], Victoria's [1.7k], BofA 123 [500!]
Message 3 of 5
Senior Contributor

Re: Credit Score/Report Updates

I see.no difference in how my accounts report to the credit bureaus.

 

Credit card accounts typically report to the bureaus at midnight of their Statement Date (US Bank and Elan Financial Services report on the last business day of the month).  If you paid off the account before the Statement Date it would not report until that specific date, then it takes at least two days before the account update is visible on the bureau reports (The exception is JP Morgan Chase which reports to the bureaus as soon as you pay down an existing balance to zero).





Message 4 of 5
Epic Contributor

Re: Credit Score/Report Updates


@dlr2000 wrote:

Question for everyone: Is it taking a little longer for creditors and credit bureaus to update scores and account information during COVID-19? I've just noticed my stuff not updating like they used to. I fully paid off a credit card and waiting to see my UTL go down, but it's been about 3-4 weeks since that was paid. 

 

I know I should be patient, but just was curious haha.

 

Thanks!!


Due to Covid-19 .. everything has been a little wonky.

some lenders have not skipped a beat, others smiley-laughing021.gif  .. YMMV

 

popcorn eating emoticon.gif
Message 5 of 5
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