FICO Score to Exclude Incomplete Negative Information
Credit Reporting

Processing Time to Update a Credit Report

October 27, 2020

PREMIER often receives questions from customers about how long it will take for them to see payments reflected on their credit report.

PREMIER reports to the credit reporting agencies once per month. It then takes time for the consumer reporting agencies to update that information. The updates can take up to 45 days to reflect on your credit report. But each lender is different – some may report more often and others less. Each lender follows their own schedule, which means your credit report may change throughout the month. When you make a payment and how it falls in the lender’s reporting schedule can also impact the bureau updates.

The bottom line is that there is no quick fix to updating your credit report. You will see hard work pay off over time as you continue to establish a positive payment history, which is one of the largest factors that determine your credit score (this is different than your credit report). Make sure to avoid missing payments or paying after your due date. One way to stay on track is to know the payment cut-off time of all your creditors. If you miss the cut-off time, your payment may not be credited until the next day and may be considered late. This can also add late payment fees. First PREMIER® Bank’s credit card cut-off time is 5 p.m. Central Time and late fees apply to any payment received past this time on the due date.

Take advantage of all the tools available to stay on top of your payments. PREMIER offers email and text alerts to remind you of your payment dates.

This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

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