When you’re waiting for important information to hit your credit report, it can feel like no matter how often you check, it won’t change. Not only can this be frustrating, but it may also impact your ability to take out loans. As such, understanding how long it can take your credit report to update with new or remedied information is essential. The following blog explores what you can expect, what you should look for when reviewing your reports, and why you need to connect with a California credit report lawyer if you find inaccurate listings on your account that impact your credit score or ability to secure a loan.
How Often Does My Credit Report Update?
When you take out a new loan, dispute information on your credit report, or open a new line of credit, you may wonder how long it will take for the information to be included in your report. It’s necessary to understand that there is no set date on which your credit report will be updated. In general, it can take anywhere from thirty to forty-five days.
This is because you technically have three credit reports – one from each of the reporting agencies. As such, they may all update the information on a different timeline. Additionally, information from creditors may not be sent to the bureaus immediately.
What Should I Look for When Reviewing My Report?
When reviewing your credit report after a new loan has been obtained or filing a dispute to have false information removed, ensuring you understand what to look for is vital. If you’ve filed a dispute, ensuring the information has been removed or remedied is essential to guarantee that your report is accurate.
If you took out a new loan or opened a new line of credit, ensuring that all the new information about this account is accurate is vital. You should check to ensure the loan amount, lender, and date the account opened are correct.
You should also ensure that there are no accounts that do not belong to you and that your personal information is correct and up to date, especially if you moved or changed phone numbers.
If I Find False Information, What Should I Do?
When you find incorrect information on your credit report after it has been updated, you must file a dispute with the reporting agency to have the information remedied. Unfortunately, completing a dispute can be frustrating and if you leave out information it can go unresolved. As such, it’s in your best interest to connect with an attorney who can help guide you through this process.
At Loker Law, we understand how important your credit report is for your financial future, which is why we are happy to help you remedy any inaccuracies in your report. Connect with us today to learn more about this process.
