Question : How fast do credit card companies report changes?
I have paid down some balances already for some time but the changes are not appearing on my credit report. I'm not pulling up my credit however, I have alerts when my scores go up or down or if there's inquiries etc. Do I have to ask them to report the change in balance? Why is it that when you rack up a ton of charges they report them really fast but when they're paid off, they take forever? Is there a way to "speed up" the process?I have paid them down but plan to keep the balances they have now (which are very low) instead of making more charges. Would writing to the credit card company make any difference?
- asked by MG
All Answers:
Answer #1
f
- answered by He Who Must Not Be Named
Answer #2
in a bout 2 weeks
- answered by haleemo1993
Answer #3
it takes awhile- about once a month, has to gothrough their system, which does everythingautomatically.
- answered by cats4ever2k1
Answer #4
all the credi card card copmaines report to thethree credit bureaus once a month. Just payingdown balances in one month will not make adifference in your score unless your debt toincome ratio makes a big change.
- answered by GrowinBellyFLA
Answer #5
30 days
- answered by R L
Answer #6
They'll report negative info. in about two weeks.They'll report positive info. in about 3 monthsunless you write to them and the credit borough.
- answered by lovesnowy
Answer #7
bad credit stays forever good is slow asmolasses..we had a credit card JCPENNEYS in1991..we lived overseas our post office boxchanged three times and there was a dock workersstrike...we got mail sporadically...we still havethat damn blemish on our credit..it was paid offat the end of 91...the mail problems happened inmarch of that year..three months the bill waslate..back then we couldn't do online banking norATM...we bought a house 9 years ago..it wasthere..we both pulled our credit reports withinthe last four months..guess what its stillthere..it will be there till sometime in 2014 ifwe read the thing right..whats up with that..
- answered by bailie28
Answer #8
yes, there is a way you can speed up the process.You can dispute the charges by contacting allthree credit agency's and request the forms fordispute or go to their websites and print it out.Care full on how you type the web site becausethey might not be the legit one you can go towww.TransUnion.com Once on the site click ondispute an item on your report, it will then takeyou to another page were you can either place thedispute on line, by phone or by mail. I use theform by mail before and the on line also. You cantry which ever you feel more comfortable with.
- answered by Carmen K. ( CITRMS / Specialist)
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