We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

How long to clear credit record?

Newbird
Newbird Posts: 488 Forumite
Just a quick Q here, need a quick answer pls, if anyone knows :confused:....If a loan is cleared how long does it take for the clearance to appear on your credit record as cleared?

How long does it take Experian etc to process an update before a credit check would show a past loan as cleared, from day of payment into bank? :confused:

TIA

Newbird
Bless Martin's Little Cotton Socks. I thank him for giving us MSE. Look what its grown into!

MFW = ASAP #124

Comments

  • Usually a month or so would show that an account is cleared. It all depends on how quickly the information is passed to Experian or Equifax.

    HTH
    Don't lie, thieve, cheat or steal. The Government do not like the competition.
    The Lord Giveth and the Government Taketh Away.
    I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.1K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.