CCs updating all 3 CRAs - how does this work?

[Anonymous]

I have two credit cards that have been paid off in the last month, reducing my CC debt by about 6k. Both statements dropped last week (FINALLY!) but they aren't reporting the new 0 balances to all three CRAs - one card is reporting to EX & TU but not EQ; the other is reporting to EX only. Both CCs report to all three CRAs normally; it's just that some are showing May 2008 as last updated & some are showing April 2008 as last updated.

Is this an issue with the CRAs that still show the old balance being turtles in updating? Or do CCs sometimes not report to all 3 bureaus every month? I know I should probably just be patient, but I want to see my score reflect that lower util!! Will the cards think I'm nuts if I call them & ask that they report to the CRAs not showing the May balance?

Thanks y'all -

Message Edited by desifink on 05-30-2008 05:03 AM

[marty56]

CCC issue.  They seem not to report good news sometimes but if you are late or max out your card, they double check to report it.

[Anonymous]

So should I dispute with the CRAs showing the old balances, or call the CC directly?

[Anonymous]

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desifink wrote:

Both statements dropped last week (FINALLY!)

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Patience.  It can take up to a few weeks for all the CRAs to update.  Even though the CCCs most likely reported to all three at the same time, each CRA updates on its own schedule.  If two of them have updated and one has not, the third one will come around.

Edit to add: I never expect to see a CRA update until at least ten days after the CCC reports.  If it shows up before then, so much the better, but if not, I always wait it out, and it always updates eventually.

Message Edited by cheddar on 05-30-2008 07:08 AM

[Anonymous]

Thanks Cheddar - that clears it up for me!! I wasn't sure, since some of the bureaus had updated, if they all should have at the same time. I'll wait a few weeks and try to scrape up some patience. We're wanting to get preapproved for a mortgage so I'd just looooove to see them report NOW.