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Posted in Paying Your Bills
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railroad200

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if i pay off an account how long does it takes to show on my credit?

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It depends.

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 Unfortunately, it depends greatly on when the company reports to the credit bureau.  In general, credit card companies report every month.  I have one company that reports around the 28th and another company that reports around the 8th of every month.

I paid off my car loan and it took a full 3 months for them to report to the credit bureaus.

They are supposed to report within 30 days, but there are no penalties if they don't.  So, they report when they report.

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Reporting

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Not before your next statement closes, creditors report your payment together with the new balance. Some will report on the day the statement closes some will report on other days usually within a week of the statement closing.

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