How often does Household Bank reports to credit bureaus?
sadye asked:
I recently got a Household Bank credit card in order to help build up my credit score. I have only used the card for small purchases and have paid off the balances for 2 months (the amount of time I’ve had the card) but no payments have shown up on my credit report as of yet. I was under the impression that Household Bank reported to the credit bureaus every month. Does anyone know when the payments might show up?
Paul
I recently got a Household Bank credit card in order to help build up my credit score. I have only used the card for small purchases and have paid off the balances for 2 months (the amount of time I’ve had the card) but no payments have shown up on my credit report as of yet. I was under the impression that Household Bank reported to the credit bureaus every month. Does anyone know when the payments might show up?
Paul
October 17th, 2009 at 1:25 pm
They report bad accounts monthly.
If you are trying to rebuild your credit score, it will take a lot more than two months to do it, just as it took a lot more than two months to destroy it.
It may take six months to a year for a good report to appear to show length od good credit.
October 18th, 2009 at 5:44 pm
Every month, and you start out with an R2 rating working up to an R9, at which time you will essentially have no credit.