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