[Help] Paid off my credit card / O2 balance. How long does it take to update credit file?

Blehbleh_2

Hi there, on the 3rd of march this Month I paid off an £840 credit balance from my credit card. Also on the 20th (A few days ago) I paid off an O2 mobile phone plan too that was £500. 

How long does it take to reflect this on my credit report? Is there any way to speed this process up. It's pretty important as it's for a mortgage application?

Thanks!

powerful_Rogue

Blehbleh_2 said:

Hi there, on the 3rd of march this Month I paid off an £840 credit balance from my credit card. Also on the 20th (A few days ago) I paid off an O2 mobile phone plan too that was £500. 

How long does it take to reflect this on my credit report? Is there any way to speed this process up. It's pretty important as it's for a mortgage application?

Thanks!

Usually a month, maybe 2.

CliveOfIndia

As per the above, it's usually a month or so.  It depends to some extent on the lender's reporting cycles - some lenders send their reports in to the CRAs weekly, some monthly.  Then the CRA has to process the data feeds coming in from all the various lenders.

Also bear in mind, the data you see on the free reports is not usually real-time, whereas lenders (who pay for the data) will see real-time updates.