If a charge is payed, why is it still on the credit report?

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joslyn20

Joined: 26 Oct 2009
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Posts: 1

26 Magic Points

Subject: If a charge is payed, why is it still on the credit report?

Mon Oct 26, 2009 5:33 am

I have a few items on my credt report that have been paid but they are still showing up on my credit report as if I haven't made any payments. My credit score isn't changing as well. Why is that? Is there something that I can do to change this?

debranewell2008

Joined: 10 Oct 2009
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Posts: 422

7270 Magic Points

Mon Oct 26, 2009 10:37 am

Hi Joslyn,

It depends on how long ago it was since you paid them. It sometimes can take up til three months or more for the creditor to report to the credit agencies. So just give it sometime then check to see if it has been reported.

Justin

Justin

Joined: 17 Jul 2006
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Posts: 1093

25288 Magic Points

Mon Oct 26, 2009 10:39 am

Hi Joslyn,

Well, it takes some amount of time to get an updated credit report and a raised score after you have cleared your debts. As far as your credit report is concerned it takes at least 3 months to get updated. So, if that time has passed, then you can call the creditor and ask them whether or not they have reported to the agency. Also you can ask the bureau about their updating time. However, not every bureau updates the report at the same time. Individual bureaus have their own time specifications.
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All the Best Smile

Justin

fireyone

Joined: 26 Feb 2008
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Posts: 4121

1011 Magic Points

Mon Oct 26, 2009 1:20 pm

The creditor is required to update account information. I am not quite sure of the time they have to do this in but I know they are allowed so many days to actually update the account. I think you will find it mroe the credit bureaus delay rather than the creditor though.

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