How soon after you get a car loan from a dealer can you expext the TL to show on the CR the month of the first payment? Because if we are due to close on a home say June 30, and we get a car loan say June 15th and our first payment is July 15th would it show on the CR when they pull for closing? Thanks in advance....
Ouch, guess I might have to wait on the car then, thanks jlynn, 2 more months and counting....try for pre-approval end of April....had some good success with deletions on CR so eq and exp look good on my way to TU. Talk to you later....
I financed a car through GMAC at the end of January and it is still not on my CRs. The finance guy at the dealership said that they get updated every 6 months. I think he said June or July. I was going to go ahead and just pay cash for the thing, but he said that if I pay on it for a few months before paying it off that I would get a positive trade line. So I have paid off all but a few hundred dollars of it now, and should make final payment in July. BTW, the dealership is owned by my cousin, so I doubt this finance guy was trying to pull one over on me...
I have heard that GMAC takes some time. I will mention mine is Ford Motor Credit. But Teresa, don't risk it anyway...hate for you to be livin in the new car.
Did refi on 02/26. Showed up on reports in 2 weeks, even though first pmnt hadnt been made yet. Now, lol, it looks like I have 3 vehicles with a balance. Scores didnt really drop, though. Maybe they will get a little bump when the one that was paid off shows zero bal.
