How long does EQ take to update?

[axnjxn]

I'm waiting (rather impatiently to be honest) for EQ to update my report since my util is dropping from 34% to 3%. My CC company reports to the bureaus on statement day and I verified my statement day to be the 19th of the month. So EQ has had my updated statement since at least the 20th (since 19th was Sunday). How long does it take EQ to update their records?

[EW800]

I don't think there is a one size fits all answer, with so many variations on creditors and CRA's, however I can say generally I find that after my statement closings Ex almost always updates first at 2-3 days, then Eq at 3-5 days and it is not uncommon at all for TU in my case to be a week or more.

[axnjxn]

Thanks for your reply. EX has already seemed to update with my new credit limit (gotten this month)... but for some reason they don't have my new balance. Well, whatever, the balance they have is still only 4% so I'm golden there. It's been 3 days so I guess EQ will update by Friday so that's good. Hopefully, TU will follow suit and not take a week especially b/c the card I want usually pulls TU (at least that's what the concensus is).

[Anonymous]

For me, this month

EX took 3 days

EQ took 5 days

TU I am still waiting 10 days after the statement was cut: UPDATE: 11 days after the statement cut TU updates balance on myFICO but the alert is backdated to yesterday

[axnjxn]

Sheesh, what's with TU? If the only purpose for your business is to keep tight records of everyone's credit, how do you excuse a 10+ day turnaround when your peers are doing it in 3-5 days? This makes me want to start a thread on how to open up a credit bureau. I have a feeling that I could do as good a job as some of these clowns 

[Anonymous]

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@axnjxn wrote:

Sheesh, what's with TU?

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I have been monitoring for about 7 months and it isn't out of the ordinary for TU with me.

I actually get an erroneous TU balance trigger about 4 days after my statements cut and then 8-10 days later get another balance trigger that is correct.

The erroneous trigger is the same amount at the balance trigger from roughly 20 days previous.

This is not a myFICO issue as I have CCT and am able to confirm that TU is lagging behind my statements by 1-2 weeks.

[axnjxn]

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@Anonymous wrote:

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@axnjxn wrote:

Sheesh, what's with TU?

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I have been monitoring for about 7 months and it isn't out of the ordinary for TU with me.

I actually get an erroneous TU balance trigger about 4 days after my statements cut and then 8-10 days later get another balance trigger that is correct.

The erroneous trigger is the same amount at the balance trigger from roughly 20 days previous.

This is not a myFICO issue as I have CCT and am able to confirm that TU is lagging behind my statements by 1-2 weeks.

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Bleh! Maybe I'm just impatient, but this is 2015. I can transfer large sums of money to my friend in Tokyo in a split second while checking my email and playing Tetris at the same time. How can these clowns be 1-2 weeks behind their "competition" (heh, yeah right) with updating a profile? 

[takeshi74]

It generally takes 2-3 business days so you can't count the weekends.

As for TU, the year doesn't matter.  Search prior discussions and you'll see that TU has been like that for a very long time.

[axnjxn]

Nah, I just meant that in 2015 (with all the technology we have), it is unnecessary for a credit reporting agency to take so long to update their records. 

But after all that hot air I just expelled, TU updated my profile last night along with EQ. Took 'em 4 days. I'd say that's satisfactory albeit uncommon for TU. Thanks for your replies.