Paid Charge Off. TU Reported a DIP in FICO Scores

[Brian_Earl_Spilner]

@RobertEG is there a "reasonable" time period allowed for the immediate update, or is it really immediately required? I settled and paid off a collections almost 30 days ago and it is still not showing a $0 balance. They updated the balance to the final amount, which only took a few days, but have yet to zero the account or remove it per their website.

[Chestnut1]

Hi Brian,

i called the bank 2 weeks later to confirm that they did report it to the CRAs. To my surprise, they opened a case and a week later, it got updated on all the 3 CRAs.

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@Brian_Earl_Spilner wrote:

@RobertEG is there a "reasonable" time period allowed for the immediate update, or is it really immediately required? I settled and paid off a collections almost 30 days ago and it is still not showing a $0 balance. They updated the balance to the final amount, which only took a few days, but have yet to zero the account or remove it per their website.

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[Brian_Earl_Spilner]

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@Chestnut1 wrote:

Hi Brian,

i called the bank 2 weeks later to confirm that they did report it to the CRAs. To my surprise, they opened a case and a week later, it got updated on all the 3 CRAs.

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@Brian_Earl_Spilner wrote:

@RobertEG is there a "reasonable" time period allowed for the immediate update, or is it really immediately required? I settled and paid off a collections almost 30 days ago and it is still not showing a $0 balance. They updated the balance to the final amount, which only took a few days, but have yet to zero the account or remove it per their website.

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Yeah, I'll probably call them tomorrow. A month is too long in my opinion