Pay off credit cards in between reporting period question

[Anonymous]

Can you ask creditors to update your account balance inbetween reporting periods?

I paid off a big card, and am so anxious to see what it does to my score.

TIA

[Anonymous]

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jenknee wrote:

Can you ask creditors to update your account balance inbetween reporting periods?

I paid off a big card, and am so anxious to see what it does to my score.

TIA

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You can ask BUT they do not have to do it        most only report once a month

[MidnightVoice]

It is that time again.................

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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...

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[Anonymous]

Thanks for the first helpful reply! It's exciting for some of us to pay it off and think we might see something improve, no matter how silly it is, LOL!

[Anonymous]

I advise against a forced update. I have done this and regretted it. The banks gave me a letter to show it was paid. I disputed with the letter. It did update, but locked the lender from sending in the next update with reinvestigations. It's a pain in the behind.

Asking them to update is different. However their update might not take effect until the next month. I found that most of the banks will do a manual update for you, but the CRAs might hold the update for 30 days if out of schedule. There is no problem doing this.