Author Topic: How fast do payments get reported to the CRA's?  (Read 502 times)

Online CountValentine

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How fast do payments get reported to the CRA's?
« on: July 15, 2020, 11:07:19 AM »
I paid off a Chase CC for a family member. About an hour later I checked CK to see if they owed on any other CC's. CK already showed the Chase CC balance as zero. Must say I was pretty surprised.
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Offline AJK

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Re: How fast do payments get reported to the CRA's?
« Reply #1 on: July 15, 2020, 11:44:13 AM »
Chase is very quick (I think the quickest) when paying off "entire balance."
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Offline ExGingi

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Re: How fast do payments get reported to the CRA's?
« Reply #2 on: July 15, 2020, 11:47:48 AM »
Chase is very quick (I think the quickest) when paying off "entire balance."

Indeed, but I never expected it to be anything other than an overnight update. If only other banks would be as good at reporting entire balance being paid off....
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Online Samb

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Re: How fast do payments get reported to the CRA's?
« Reply #3 on: July 15, 2020, 10:51:58 PM »
Chase will update your balance within 48 hours if you pay your balance to zero. You can get balances updated at any time by calling their credit bureaus department 1888-682-8361 more info here https://helpmebuildcredit.com/paid-balance-long-will-take-credit-score-go-back/

Offline Medic97

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Re: How fast do payments get reported to the CRA's?
« Reply #4 on: July 31, 2020, 12:46:47 AM »
How fast does Amex do it?

Offline Luvisrael

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Re: How fast do payments get reported to the CRA's?
« Reply #5 on: July 31, 2020, 05:32:29 AM »
I paid off a Chase CC for a family member. About an hour later I checked CK to see if they owed on any other CC's. CK already showed the Chase CC balance as zero. Must say I was pretty surprised.
hey can I join your family? Anyways, I’ve called a CC company to ask them this question and they said (like most) that they update the info at statement date but they offered to send the info to th CB on the spot if I’d like. Not all do though.

Online Samb

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Re: How fast do payments get reported to the CRA's?
« Reply #6 on: July 31, 2020, 03:56:00 PM »
How fast does Amex do it?
Amex will update when your statement prints.
You can call Amex at 1-800-874-2717 to get your balance updated off-cycle. The update will take up to 5 business days to be completed.

Online CountValentine

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Re: How fast do payments get reported to the CRA's?
« Reply #7 on: August 01, 2020, 08:20:37 AM »
hey can I join your family?
Sure and it is simple to convert.  ;)
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Offline Luvisrael

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Re: How fast do payments get reported to the CRA's?
« Reply #8 on: August 01, 2020, 10:57:17 PM »
Sure and it is simple to convert.  ;)
reminds me of a joke. Two Jews were walking and they passed a church. There was a sign that read “convert today, receive $200”. They decided hell with it , let’s “convert” lol. First guy walks into and his friend waits for him at the door. Half hour later he walks out. His friend turns to him and says nu where’s the money? He responds, why are you Jews always about money.

All jokes aside , no thanks I’m fine with the original version.