What is CRA update lag?

Discussion in 'Credit Talk' started by Rina, Jan 27, 2002.

  1. Rina

    Rina Well-Known Member

    Fleet Bank told me on 01/2/02 they would report my car loan payoff within 1 business day, but some CRAs can take up to 90 days to update. My TU report (after another dispute) already shows the payoff.

    Can someone tell me whether & which CRAs update every 30, 60 or 90 days? I'd like to know before having to fork over the $$ to find out how my scores have improved.
     
  2. breeze

    breeze Well-Known Member

    DMB Sent me a letter on 12/31/01 saying they had sent an update to all 3 bureaus. TU updated the next week, Equifax just updated this past week, Experian changed the status of the account two days ago, but it is still incorrect. Perhaps they have not finished.
     

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