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!
How long for Credit Report to update how much credit I have issued to me?
ToReadItSanctifiesIt
Posts: 8 Forumite
I have just cancelled two credit cards that I have never used (I got them about 9 months ago).
I did this to free up how much credit my credit report would show I have available to me, so that I can then apply for a new credit card (which I want instead of the other two as it has a better deal on it).
How long will it take for my credit report to start showing that I now have less credit available to me? Days, weeks?
Edit: In other words how long should I wait before I apply for my new credit card? I will probably be accepted for it anyway, but I just wanted to make sure of it by cancelling the unused credit cards anyway.
I did this to free up how much credit my credit report would show I have available to me, so that I can then apply for a new credit card (which I want instead of the other two as it has a better deal on it).
How long will it take for my credit report to start showing that I now have less credit available to me? Days, weeks?
Edit: In other words how long should I wait before I apply for my new credit card? I will probably be accepted for it anyway, but I just wanted to make sure of it by cancelling the unused credit cards anyway.
0
Comments
-
Most lenders only report to the CRA's once a month.
You could ask them when this is as each lender is different.Official DFW Nerd Club - Member no. 0650
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards