How quickly does credit report get updated?

ickledee

I was wondering how quickly your credit report gets updated following a monthly payment? Just I have checked my credit report and it shows one missed payment in the last 6 months but I was hoping that after my Direct Debit this month that it would then show no missed payments in the last 6 months and so I was wondering how long it will take for this to be updated following the DD?? Many thanks

LilacPixie

Think it depends on the company. Orange seem to take around 6 weeks. virgin media 2-3 weeks

ickledee

Thanks for that - the company is Barclaycard

ickledee

Oh also if anyone knows..do companies look at how many missed payments you have had in 6 months or 12 months when applying for credit? many thanks again

oscar52

One missed payment on one card/loan in 6 months will cause no concern. However, if you have had one payment missed on several cards loans, or a couple of missed payments here and there, that will have an effect.

All companys report to your credit file once a month, but some report at the beginning, ohers at the end.

Blackruby

I cleared my credit card at the begining of the month and my credit report says I still owe on it, so it must update at the end of the month, slightly annoying but it will be put right no doubt.