How fast do credit card companies report changes?

In personal finance of CreditGuy (December 14, 2023 7:33 am)

Jim D asked:


I have paid down some balances already for some time but the changes are not appearing on my credit report. I’m not pulling up my credit however, I have alerts when my scores go up or down or if there’s inquiries etc. Do I have to ask them to report the change in balance? Why is it that when you rack up a ton of charges they report them really fast but when they’re paid off, they take forever? Is there a way to “speed up” the process?

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1 Comment »

  1. all the credit card card copmaines report to the three credit bureaus once a month. Just paying down balances in one month will not make a difference in your score unless your debt to income ratio makes a big change.

    Here is some more detailed info about it -

    Good luck.

    Comment by gregory t — December 14, 2023 @ 3:48 pm

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