Account status update
Credit scores & reportsA change in how a lender reports your account status each month.
Overview
Updates show whether you paid on time, late, or missed payments.
They build the history seen on your credit file.
Why it matters
- It affects your credit score over time.
- It shows trends in your payment behaviour.
- It influences lender decisions.
FAQs
How often are status updates reported?
Most lenders update monthly.
Can I request a correction?
Yes, if the reported status is wrong.
Related terms
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