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How soon...

Discussion in 'Credit Talk' started by jamie, May 9, 2002.

  1. May 9, 2002 #1
    jamie

    jamie Well-Known Member

    How soon after paying off high balances should your score be affected? How often do creditors update?
     
  3. May 9, 2002 #2
    whyspers

    whyspers Well-Known Member

    Seems to be monthly...although some people have noticed that when balances are paid down, some creditors don't bother updating for a while. I went ahead and disputed one balance with TU because I didn't have the patience to wait to see how long...lol.


    L
     
  4. May 9, 2002 #3
    mindcrime2

    mindcrime2 Well-Known Member

    Spoken like a true creditnetter :)
     
  5. May 9, 2002 #4
    erik776

    erik776 Well-Known Member

    Generally creditors update once every month. If you have just paid off several accounts, you may have to wait 4 to 8 weeks.
     
  6. May 9, 2002 #5
    jamie

    jamie Well-Known Member

    Thanks, I guess I'll just have to wait a while to see what it did for my scores.
     
  7. May 11, 2002 #6
    Calypso

    Calypso Well-Known Member

    Be careful with TU.

    Several of my positive (active) tradelines have
    disappeared when I disputed balances.

    And I haven't figured out how the heck to get them back.

    Counting my now vanished Amex accounts, I think
    I have 5 current accounts that are now missing from my report!

    The funny thing is, my TU score never seems to change! Add an account, delete an account, charge up a card, pay off a card. My score is always the same!
     

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