Credit agencies

xela_17

Does anyone know how often credit agencies update their files? I have paid off and am now going to cancel my barclaycard so my available credit is less before applying for a different cc. Don't want to apply until the barclaycard shows as settled (or cancelled - not sure what it would actually say).

Clariman

xela_17 wrote:

Does anyone know how often credit agencies update their files? I have paid off and am now going to cancel my barclaycard so my available credit is less before applying for a different cc. Don't want to apply until the barclaycard shows as settled (or cancelled - not sure what it would actually say).

Hi xela

Each lender provides payment details and card closure information once a month to the CRAs, so I would allow 2 months to be fairly certain that the update has gone through. You can get access to your credit file by getting hold of the statutory report costing £2 or by signing up for their online service which usually comes with a 30 day free trial but is considerably more expensive.

Clariman

researcher

I requested my files from both experian and eqifax two weeks ago. I applied online on Saturday and received them both in the post on Tuesday 4 days later. Interestingly neither had details of my bank current account and credit card.