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How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other people

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Girlzilla88
Valued Contributor

How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other people

Hey Fam!!     I tried searching this for the Experian part only since I have a WF loan (personal loan) I paid off Last month and expect it to pop off some time this month?!     But it stopped reporting/updating on my EX on March?!    Now normally it is a month behind so in April it would report for March type of deal, but it's passed the time it should have updated on EX and there is no drop/update/taken off just yet.    It has already been noted/updated on my TU and my EQ that it was Satisfied/Paid Off but I'm just curious why those updated I believe it was last month and even though I gave it longer when it was time to fall off this month it's still there?!     Probably thinking to deep into it.   But any advice!?    Do I dispute it that it's not accurate and needs to be updated now that it's paid or leave it be?!







15 REPLIES 15
Remedios
Credit Mentor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

What do you mean "fall off" 

Closed accounts stay up to 10 years on your CR, loan isn't going anywhere, other than status being changed to paid 

Message 2 of 16
Girlzilla88
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

@Remedios    Yea sorry I guess I mean how long I should wait for the Update, normally it goes under the Unopened or Closed section on the EX but it hasn't updated at all it hasn't reported my payment for April or updated that it's been Satisfied.     So just curious if I should give it an additional month even though I already waited one month after?!







Message 3 of 16
Remedios
Credit Mentor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

It should have updated by now.

If it doesn't in the next 30 days, you can always dispute status of the account.

I'd give it more time without uncessary complications. 

Message 4 of 16
805orbust
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

I've had paid off/closed accounts (usually auto loans) take up to 3 months to report the new status. Just last year actually. I remember thinking it was weird but we here at MyFico do tend to zoom in more than the norm.  I think you'll be fine.



Message 5 of 16
805orbust
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

Come to think of it, the car loan from last year was with Wells. Maybe a correlation? 



Message 6 of 16
Girlzilla88
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

@805orbust    Sorry I should have put the WF for World Finance Smiley Happy    Not Wells Fargo I can totally see why they look the same.    But if it can take up to 3 months I'll wait a bit longer I just found it weird since usually EX is the one to update my things quicker than TU or EQ but the others were super quick this time and I think that is what was the main concern of mine.    @Remedios    Ok I will give it a bit more time to see Smiley Happy     Thank you both for the reassurance.     







Message 7 of 16
Girlzilla88
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

I'll post an update when it finally does update so hopefully that can help someone in the future Smiley Very Happy







Message 8 of 16
Mr_Mojo_Risin
Senior Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo


@Girlzilla88 wrote:

@805orbust    Sorry I should have put the WF for World Finance Smiley Happy    Not Wells Fargo I can totally see why they look the same.    But if it can take up to 3 months I'll wait a bit longer I just found it weird since usually EX is the one to update my things quicker than TU or EQ but the others were super quick this time and I think that is what was the main concern of mine.    @Remedios    Ok I will give it a bit more time to see Smiley Happy     Thank you both for the reassurance.     


EX has always updated 1st for me also. Lately though, they seem to be a little behind for me, other members here have mentioned that as well.

I'm sure they'll get you updated before to long. 

Have a good Sunday!

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Message 9 of 16
Girlzilla88
Valued Contributor

Re: How long does it take for a Paid Off Personal Loan to fall off EXPERIAN, or TU, EQ for other peo

@Mr_Mojo_Risin    Yes same usually it's always right on time and usually super quick sometimes the same day the statement clears.    Happy Sunday Smiley Very Happy







Message 10 of 16
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