leon.
Member
Registered: 24th Jun 08
User status: Offline
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Recnetly paid off a loan I had , just checked my credit report and it's still showing I owe the balance i paid to end the loan. Does any one know how long it takes to clear from my report as i want more debt
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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what report is this - if its credit check they should be updated all most instantly
It would suggest your loan provider has not updated their records
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spencer88
Member
Registered: 6th Oct 08
Location: cornwall
User status: Offline
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6 years to be removed.
It will update to say that it is paid off within a month or two.
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leon.
Member
Registered: 24th Jun 08
User status: Offline
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quote: Originally posted by spencer88
It will update to say that it is paid off within a month or two.
thats fucking wank that
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spencer88
Member
Registered: 6th Oct 08
Location: cornwall
User status: Offline
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I believe so anyway, anything on your record stays there for 6 years. It probably will not effect you though, as they generally go on how much available credit you already have.
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Sam
Moderator Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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It normally updates monthly, so should be updated within 30 days of when you paid it off.
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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Your credit report is updated about a week or two after your billing cycle ends for a particular line of credit, usually monthly. Although It can vary based on how often companies report to the credit bureau, some only do it quarterly.
[Edited on 22-07-2011 by A2H GO]
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