Live data used for credit check?

in_a_noodle

Hi all,

I'm thinking of getting a car on PCP but am wondering when a credit check is made do the people making the check get data back that is live and up to date?

I ask because I had a large balance on an account which was paid in full towards the end of last month but is still showing on my report as the payment was made after the latest one I can view was generated.

Thanks in advance.

[Deleted User]

Yes they see a live view.

But it's dependant on when the lender also updates the CRA's as to when the balance is updated

in_a_noodle

Thanks for your help. A very good point with the lender reporting it to the CRAs, I hadn't thought of that!

I've now checked on all 3 CRAs.
One has updated, one says a change regarding the closed account is due on my next report and one hasn't changed so I'm confident the lender has informed them all at the same time.

Thanks again