If report isn't up to date, are application searches up to date

Legacy_user · 17 June 2018 at 2:49PM

Hi everyone

Cleared a 0% purchase card before it ends a few weeks ago, but it hasn't shown up on my reports yet which always seem a couple of months behind
Should the positive data already show on an application search if I was to apply for another 0% card or do I need to wait till it shows in reports?

Thank you

[Deleted User] · 17 June 2018 at 3:43PM

What reports?

The CRA’s are updated monthly then they need to publish it to your report. So it may take a couple of months

System · 17 June 2018 at 5:15PM

Clears core and nodded, thank you Gary, i was wondering because you'd think they'd want to be up to date in case anything negative happened, otherwise people could take out a card straight after default, unless maybe creditors wait till the report comes before giving final approval

[Deleted User] · 17 June 2018 at 5:27PM

CRA’s get updated monthly.

Then you have to wait for your report to get updated as that’s monthly as well.

So allowing 2 months is a fair time

boo_star · 17 June 2018 at 10:20PM

MatthewAinsworth wrote: »

Clears core and nodded, thank you Gary, i was wondering because you'd think they'd want to be up to date in case anything negative happened, otherwise people could take out a card straight after default, unless maybe creditors wait till the report comes before giving final approval

They could but a default won't happen until they're several months in arrears, so the likelihood of them being accepted is very low anyway.

If report isn't up to date, are application searches up to date

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