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lets say that i pay off my credit card 3-4 days before the end of my current statement. New statement comes out and shows the new balance, and the bank says they report at the first of the new month. How long does it take for the cra's to update that balance in my report?
It should probably take a day or three, depending on the CRA. Most of my accounts are updated on my CRs within 3 days of new statements being created.
^^^^ +1 me too