How Often Are Credit Reports Updated?


Quick Answer

Credit reports may be updated daily, states Equifax. Typically, the three main credit reporting agencies, TransUnion, Equifax and Experian, receive information from creditors once a month, although different creditors may send this information on different dates, which means credit reports may get updates at any time, according to TransUnion.

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Full Answer

In addition, creditors may not send borrower account information to all of the three credit bureaus, which means reports may vary slightly between bureaus, explains TransUnion. Banks, credit card companies and mortgage companies typically send information about borrowers' loan repayment and spending behaviors, such as any late payments and credit line utilization, according to Equifax.

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