Posting payments

[Robert-Cohen]

Is it just me, or does anyone notice the disparity between when you pay and when it's posted. It seems I have been paying my mortgage since Nov, and trans Union says I haven't made a payment but I am not late. And if I enquire I get to talk to India, where the doubletalk reaches new levels.

[lwdupont]

That seems a little late to me, but as an example I got a car loan in November, and it didn't show up on my credit report until mid-january. I might give the mortgage company a ring and see why they aren't reporting it yet. 

  Lucien

[Robert-Cohen]

Being that the loan company is quicken, and on their page it shows paid, I will just have to wait and see

[EverSoInnocent]

It’s actually customary and used to be standard practice for creditors to wait 6 months before they started reporting to your reports. These days it doesn’t always take that long, but it gives you time to build up a “history” with them, and gives your creditors time to do all the “paperwork” (data entry).
So, basically it gives them time to make sure you’re going to pay properly (or at all) before they go through the trouble of starting to report your activity to the credit agencies. I guess it must be a hassle for them, which is why a lot of creditors only report to 2 agencies, instead of all 3. Which is why you can have 3 different credit scores between the agencies. Very few creditors report to all 3 consistently.