Once you have paid all your debts off,how long does it take to show on your credit report?

Question

Im trying to clean up my credit and wanted to know once Ive paid a all my debts off how long it takes to show on my credit report?

Answer 1

It depends.
If you are paying on current, open accounts, it can take anywhere from 1-3 months to show up on your report. There is a fee attached to reporting to the credit bureaus, so some companies only do it every other month instead of each month. (If you look at your report, you will sometimes see an X in the 24-month payment history. That means the information for that month was unavialable; i.e. they didn't report). This is especially common when it comes to smaller companies that might hold your car loan or a bank that you have a secured credit card with.
Now, if you are talking about collections or charge-offs, you probably need to send your own proof to have the information updated. Many times, the companies tell you they will follow up with the bureaus, but they frequently do not. That's why you always need a receipt or a letter stating that your debt was cleared. If you send a copy of that to the credit bureau along with a copy of your credit report, they will update it that way.
One other think you want to keep in mind is that the credit bureaus have "tapes" that log information into their gigantic database. The tapes record everything that comes from the reporting companies. Eventually, the tapes get full and need to be changed. The bureaus only change the tapes every 90 days and they all don't change them at the same time. Once they change to the new tape, the collected information is saved and updated. SO, I'm saying that to say even though your information might be updated with one bureau, the other might be a month behind in changing the tape and getting the information updated. Don't panic. That's just the way it goes.

If you are wanting to get a loan and you need to make sure that everything is correct, you might be waiting for a while and in the meantime, you are wasting time pulling your reports needlessly. Just make sure you have statements/letters/receipts that show your balances paid and take those with you to your application. That way, if there are questions, you have proof that the accounts are $0.
Good luck and I hope that helps.

Answer 2

It generally takes a month for most credit cards. Some special credit cards (offered for people with very low scores) report as frequently as every few weeks. Your credit score won't rocket sky high, but it will gradually increase. Having $0 balances and no debt is not all that great either, remember.. you need to show you can pay over a period of time (this means holding a balance as well!) Don't pay everything off so fast... it looks better. Hope this helps!

Answer 3

usually 45-60 days or longer. If they were delinquent, they will show as a paid negative item and still negatively affect your credit. You need credit repair to get them off completely and boost your score. Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.

Answer 4

Once you've paid off all your debts, your score will start going up within a month. It will slowly increase until it reaches normal debt-free level, which should be in a few years at most.

Answer 5

should show up within a month, after the creditor sends the updated data to the credit bureaus

Answer 6

it takes about 30 days to show u have paid it