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There is no procedure that automatically updates a consumer's credit file. A consumers' credit file is established by creditor/members reporting information on that person to the bureaus. Each subscribing member has their own reporting policies. For the vast majority, this is done via computer tapes on a monthly basis. But there are many creditors who report only sporatically and still others who never report. Credit reporting is a voluntary activity. There is no law which requires or compels the updating of credit information.

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10y ago

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Related Questions

In what months do the credit bureaus update credit reports and scores?

Credit bureaus update at the beginning of every month.


What specific information is in a full credit report?

== == Credit reporting agencies (eg. Equifax) gather, store, and update information about the credit history of individual consumers based upon information that is reported by third parties. This information is then compiled into a consumer credit report, which summarizes a person's credit history. Credit reports provide detailed information on the personal credit and payment history of individuals, indicating how they have honored financial obligations such as paying bills or repaying a loan. The credit reporting agency Equifax provides a website with helpful information on credit. It's written for the general public, so it's very easy to read: http://learn.equifax.com. I highly recommend it.


How long does it take for experian to update a credit score?

they update every thirty days


You changed your name what are the things you need to do to get your same credit score as before?

The person needs to update the same with underwriters by sending them a valid appeal form


What to do if databases are out of date?

Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.Databases need to be updated regularly and possibly re-designed. So you would certainly update the data and you might have to re-design them.


Do credit reports update every six months?

no


How can I update my address with credit bureaus?

To update your address with credit bureaus, you can typically do so by contacting each credit bureau directly and providing them with your new address information. This can usually be done online, by phone, or by mail. Be sure to have your identification and relevant account information ready when making the update.


What must you do regularly for the virus protection software to work efficiently?

Keep updating it. Update it at least once per week. Usually there is a button in the program that lets you update quickly and easily.


How often does the credit bureaus update their records?

once a month


Where could a person view Bangla newspaper content?

You could view some Bangladesh newspaper articles on the website "Bangladesh News". They provide loads of articles for you to read, and update regularly.


When does Sears update to credit bureaus?

Usually every thirty days


How long does it take for the credit bureaus to update your credit report?

My understanding is that bureaus update monthly. It can take 30 days from that date as well. If the reporting agency sends the update, on July 8, 2008, the agency receives and updates the credit file July 31, 2008, but the change may not show up until August 31, 2008.