New accounts may not show up on your credit report due to your creditor's reporting schedule and choice of credit bureau, a Social Security number mismatch, or simply creditor oversight.
Creditors can choose their own schedule for reporting to the credit bureaus. Large companies may report once a month, while others may report once a quarter. So if you were approved for your credit account in the last 60 days, it's very likely that your account has not appeared on your credit report due to a timing error.
If more than 60 days have passed since your account was approved, you should contact your creditor and ask why your account is not listed. It's possible that they simply chose not to report your account to the credit bureau that produced your report, but did report it to another one (or two). Lenders have the discretion to choose which bureuas they report to, so this should not be a surprise. Another possibility is that your account was forgotten due to an error or technical problem. If that's the case, they should be able to fix the error and report your account to the credit bureaus.
Finally, it's possible that your new account isn't showing on your credit report due to an inadvertent error. If you entered the incorrect Social Security number on your application (by transposing digits, for example), your account will not appear on your credit report because these numbers are used to match up accounts with credit reports. Your creditor can easily tell you if this is the case when you contact them.
Remember that you can check your TransUnion credit report for free through your WalletHub account and dispute any incorrect items.
This answer was first published on 09/08/16 and it was last updated on 08/03/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
New accounts may not show up on your credit report due to your creditor's reporting schedule and choice of credit bureau, a Social Security number mismatch, or simply creditor oversight. Creditors can choose their own schedule for reporting to the credit bureaus.
How soon does a new account show up on credit report? ›
You can expect a new credit card to appear on your credit report 30 to 60 days after the date it was granted to you, depending on the issuer and when the card's billing cycle ends. (Contact your credit card issuer to learn your billing cycle's end date.)
Why is my new credit card not on my credit report? ›
Fear not — it may simply be too soon. Credit cards don't pop up on your credit reports the moment you're approved. It can take anywhere from 30 – 60 days for your account's credit activity to be reported to the credit bureaus. It'll usually happen after the first billing cycle comes to a close.
Why won't all credit accounts show up on a personal credit report? ›
Creditors, including credit card issuers, banks and credit unions, aren't required to report your payments to the credit bureaus. Some may report information to just one or two, and others may not report to any bureaus. This could explain why you see an account on one report, but can't find it on another.
Why would something not show up on my credit report? ›
If your savings account doesn't have an overdraft facility, it might not be considered a 'credit account' and may not show up on your report. If an account is more than 6 years old, it could be missing from your report because it's unlikley that the credit reference agencies will still hold this older data.
What counts as a new account for credit score? ›
New credit is exactly what it sounds like — credit lines or loans that you applied for that you did not have before.
How long does it take to get a credit score of 700? ›
The time it takes to raise your credit score from 500 to 700 can vary widely depending on your individual financial situation. On average, it may take anywhere from 12 to 24 months of responsible credit management, including timely payments and reducing debt, to see a significant improvement in your credit score.
How can I raise my credit score 100 points in 30 days? ›
For most people, increasing a credit score by 100 points in a month isn't going to happen. But if you pay your bills on time, eliminate your consumer debt, don't run large balances on your cards and maintain a mix of both consumer and secured borrowing, an increase in your credit could happen within months.
How long does it take for a new credit card to raise credit score? ›
How long does it take for your credit score to go up?
| Event | Average credit score recovery time |
|---|
| Late mortgage payment (30 to 90 days) | 9 months |
| Closing credit card account | 3 months |
| Maxed credit card account | 3 months |
| Applying for a new credit card | 3 months |
3 more rowsJul 27, 2023
Most credit card issuers will perform a hard inquiry when you apply for a new credit card, and while this stays on your credit report, the negative impact it will have on your credit score will usually only last a few months, but sometimes up to one year.
You can get your free credit report from Annual Credit Report. That is the only free place to get your report. You can get it online: AnnualCreditReport.com, or by phone: 1-877-322-8228. You get one free report from each credit reporting company every year.
Does a credit report show all open accounts? ›
Open accounts
It will include all creditor names and account numbers, the balances and credit limits on each account, their payment history and if any accounts are past due.
Does Amex show up on a credit report? ›
How Often Does Amex Report to Credit Bureaus? American Express reports to all three major credit bureaus once per month, typically a few days to a week after your monthly billing cycle. In some cases, changes may be reflected right away in your credit report. For others, it may take more than a month to update.
How do I add accounts to my credit report? ›
Ask the Creditor to Report the Information
Another possibility is to ask the creditor directly to report your account information to the reporting agency. Creditors and credit reporting agencies generally have existing contracts.
Do new bank accounts show up on credit report? ›
Your bank account information doesn't show up on your credit report, nor does it impact your credit score. Yet lenders use information about your checking, savings and assets to determine whether you have the capacity to take on more debt.
How long does it take for a new account to show up on credit karma? ›
So it can take up to seven weeks for any changes or new information to show on Credit Karma. Each account listed on your credit report also has a 'last updated' date. To find that out, just head over to your report, go into the account you're wondering about, and look at the very top of the overview list.
