Time Frame

• The major consumer credit reporting agencies--TransUnion, Experian and Equifax--do not update your credit report until the lender sends them information, according to Experian.
  
  

Considerations

• Not all lenders report to the major credit rating agencies, according to Credit Factor. You should check your report from all three agencies to see whether the loan has been reported as paid off.
  
  

Tips

• If you want to build your credit, then before taking out a loan, you should ask lenders which credit reporting agencies they report to.
  
  Be patient. It can take as long as 90 days for a credit rating agency to update your report, according to Bills.com.