I closed on September 1st and my first payment is due November 1st.
2006-10-26 08:44:15 · 3 answers · asked by Johnny Ballgame 2 in Business & Finance ➔ Credit
I'd say give it a month to show up.
2006-10-26 08:51:06 · answer #1 · answered by IT Pro 6 · 0⤊ 0⤋
It shows a record of your payment history and amount. So rather than just put it on your credit report the day you get your mortgage. Most companies put it on after you have made / or missed your first payment. You should also either have a symbol or a number representing that payment period... IE: 0- payment made on time. 1-payment late. 2-paymet missed etc.. (those will not be the exact numbers used for your account).
Some only list with one of the credit agencies, some list with both.
If it's not on a few weeks after your first payment, you could always call them up to see why they havent done it.
2006-10-26 08:51:21 · answer #2 · answered by rs2er r 2 · 0⤊ 0⤋
Normally takes 60 days some companies will report after 30 days, this is called credit reporting lag time. There is no law stating that your lenders must report your payments. Lenders don't have to report your payment history at all. There is no law that says they must. The credit reporting system in America is voluntary
2006-10-26 14:56:26 · answer #3 · answered by H.V. 1 · 0⤊ 0⤋