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Has Your SelfLender Instalment Loan Reported for February?

Established Contributor

Has Your SelfLender Instalment Loan Reported for February?

I have a SelfLender loan which is paid on the 17th of each month and reports to the bureau on the last day of the month. I was particularly looking forward to February's payment reporting as it should drop my outstanding balance below the 8.9% threshold, with an accompanying score boost. However it hasn't yet reported on any of the bureau's. Has anyone else had this delay in reporting with them for February? Self is blaming the delay on the bureau's. The bureau's are saying that is BS and they have not received reporting on my account for February.

 

This happened once before and it took two weeks before Self acknowledged that they  had accidentally not reported to the bureau that month and immediately made an update.  I am wondering if that has happened again. 

Message 1 of 6
5 REPLIES 5
Member

Re: Has Your SelfLender Instalment Loan Reported for February?

Installment loans are usually 30 days behind

Message 2 of 6
Established Contributor

Re: Has Your SelfLender Instalment Loan Reported for February?


@TheTodd wrote:

Installment loans are usually 30 days behind


That is not the case with Self.  I am at month 22 with them and there has only been one other month that it has not reported on the last day of the month.  

Message 3 of 6
Established Contributor

Re: Has Your SelfLender Instalment Loan Reported for February?

Nevermind....lol.  February finally reported today, at least on Experian.

Message 4 of 6
Valued Contributor

Re: Has Your SelfLender Instalment Loan Reported for February?

Lucky it reported already! I believe EQ still only has through Dec reported for me so far lol. TU just reported Jan and EX has Feb reported. Seems to always be that pattern for them. I get daily CR refreshes directly from EX and TU and use CK for EQ updates. I pay my Self Loan on the 2nd of the month, so a little slow to update for some CRAs for sure....

 

And on EX it says status updated on 2.1.20 and balance updated on 2.29.20, so I guess it marks payment made (I'm guessing that the payment cleared for the previous month with no issue), but then updates the balance at the end of the month for idk....prior month or current month? I know my balances are definitely behind from whats on my app dashboard for my Self account.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 1•21 | EQ [F8 598] [F9 644] [EQ5 662] [VS3 628] | TU [F8 598] [F9 637] [TU4 607] [VS3 615] | EX [F8 587] [F9 560] [EX2 610] [VS3 589]
Goal Score: 680


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SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 12•20 | EQ [F8 635] [F9 540] [EQ5 599] [VS3 630] | TU [F8 635] [F9 587] [TU4 608] [VS3 661] [VS4 638] | EX [F8 654] [F9 628] [EX2 634] [VS3 680]
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Message 5 of 6
Established Member

Re: Has Your SelfLender Instalment Loan Reported for February?

22 Months and only once? My Self almost always shows super late and variable dates for some reason, lucky you! Smiley Very Happy










Message 6 of 6
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