How often is credit information updated?
I have a tax lien release from the IRS. I was going to send it to all bureaus until I read that the credit bureaus get tax lien information automatically from the courts. Does the IRS usually update the bureaus? If not, how and when do you pick up that information?
I have a credit card that is no longer open – per a phone conversation – but it states that it has an “open” status on my credit report. How can I get that “closed” on my credit report?
I’m paying off all of my husband’s debt rather than settling. I’m capable of paying the balances in full and am getting confirmation of “paid in full” for theses accounts. Is there a way to speed up the process of having the credit bureaus update his credit file and score so that it immediately reflects that his payments have been made for these debts? May I contact the agencies directly to provide them with this information?
When a piece of “bad” credit exists on my report, what happens if I pay it off? Is it automatically updated to “good” credit? Does it still reflect negatively on my report? Are the months that I could not pay still reflected, but changed to a $0 balance?