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4 Responses to “Why Does It Take 30 Days For A Item To Be Removed From Your Credit Report?”
Most companies report once a month by tape. They are reporting the status of 10′s of thousands of accounts. They simply do not have the manpower to call about one person and the 3 reporting agencies don’t have the manpower to handle the phone calls. So they report once a month reporting by computer.
However if you are willing to pay for an update. It can be done tomorrow.
When you paid that $80 debt they will report it paid which will lower your credit scores for 60-90 days. At the end of that time. Your score will go back up. So you may be looking at 3-4 months before your score goes back up to 597. More than likely it will go above 600 at that point.
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Most companies report once a month by tape. They are reporting the status of 10′s of thousands of accounts. They simply do not have the manpower to call about one person and the 3 reporting agencies don’t have the manpower to handle the phone calls. So they report once a month reporting by computer.
However if you are willing to pay for an update. It can be done tomorrow.
When you paid that $80 debt they will report it paid which will lower your credit scores for 60-90 days. At the end of that time. Your score will go back up. So you may be looking at 3-4 months before your score goes back up to 597. More than likely it will go above 600 at that point.
they have to make sure everything is right and they have other people to help too. and it should raise your score
Credit Cards report to the credit reporting agencies once a month. the credit reporting agencies update their records every 30-60 days.
it takes so long because those companies are jerks, they are so quick to make you look bad, but dont care about fixing things