Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
DigitalNoise

0 Contributions
0 People Helped
Time Limit to Report Debts Paid?
Is there a requirement in either the FCRA (Fair Credit Reporting Act) or FDCA (Fair Debt Collection Act) that requires a credit to report within X number of days that a debt has been paid or otherwise reduced and/or eliminated?

In my specific case, neither entities are credit cards - both are Public Utility companies - and the accounts have long been closed but not sold. I paid both balances in full over 30 days ago, but all three agencies are still showing the full amounts of the debts on the reports.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2791 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

I'm not aware of any time limit, but just be patient. You have to realize that the data furnishers each work on their own schedule.  The company I work for sends their reports to the credit bureaus on the 15th of every month.  Yours may send their data on the 20th, they each get to pick the date they send data.  Just give it more time and it will probably show up correctly.  If they don't just dispute it with the bureaus.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.