I had pretty high revolving balances and used to borrow more than 80 percent of my credit. Now I have repaid pretty much all the credit cards. My debt is like 10% from CC limit. How long do I wait till this gets reported to credit bureaus so I can start shopping for loans.
Credit Cards question... HELP!?
It should reflect almost instantly. More then likely your credit score has already changed.
If it hasnt, you can alwasy dicuss it directly with your lending agent and they may adjust rates accordingly.
Credit Cards question... HELP!?
In todays electronic age, the credit bureaus may already be aware of your credit transactions.
Credit Cards question... HELP!?
If you have paid and have a good payment history, you do not have to wait at all. Your credit is based on what you have.
Credit Cards question... HELP!?
They should report in every 30 days, sometimes they miss the update and its 60 days.
Credit Cards question... HELP!?
start looking now, and see what you get. It doesnt sound like you should be getting a loan, unless things have changed in your spending/earning habit.
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