@DR527 wrote:Your payment history is a snapshot of your overall history account. The only thing that appears on your credit profile is the information from the end of your cycle date to the reporting date. Which is why you can use a CC all month long, evening maxing it out. But if you pay it off before it reports. The CC reports to the CRA as a zero balance as if no one is using it.
I'm not grasping the relevance of this to the reporting of mortgage lates. Could you elaborate?
@DR527 wrote:Sorry I went off on a side note. I was thinking that the credit window. The window in which payment history is recorded. Work a certain way based on FCRA guidelines. But a few people have said no to that. But it also seems kind of no definitive. So I'll leave it at that.
yeah, it doesn't need to be June 2024 to change the reporting for June 2024, a creditor can update anything that can be reported or is currently is being reported at any time assuming it's accurate and they are still allowed to report it
