Everyone is concerned about the negative record of their credit reports. Sometimes, we may be overloaded, but we can't see it on the credit report, so you might wonder how often credit records are updated. Let's go into it

How often do you update your credit records

Credit records are generally updated monthly. However, the update is not real-time, that is, when you apply for or repay the loan, the credit report does not immediately reflect it. Your credit report will be updated only after the relevant information has been uploaded by the lending institution。

So what's in the credit report? The following are the main components: first, information on your lending to financial institutions; secondly, information on your contributions to public services; thirdly, basic information on your personal status, family, occupation, etc.; fourthly, a record of public information relating to your credit generated by the executive branch, the judiciary in the performance of their duties; and, fifthly, other necessary information relating to your credit。

Here you are reminded that if you have bad records such as overdues, it will take a long time to eliminate them on credit reports. Generally speaking, it takes two to five years. For example, bad credit records generated by the banking system generally take five years to eliminate them。

This is all my answer to the question of how often the credit records are updated. I hope this information will help you. Thanks for reading