"is it possible to request a cash advance from a bank to be reported as positive credit on your credit report?
ncblkking252 asked:
i deal with a bank and i from time to time will get cash advances. i am wondering could i request that the bank report that as positive credit. my thinking is that if i did not pay they would report it as negative so why not report when i do pay?
these are not being reported on my credit report at all. i always pay back my cash advances .i am looking to have a much positive info on my credit report as possible
I'm not sure what you are suggesting .. … they ASSUME you are meeting all your payments unless someone reports that you missed one .. i.e. the Loan companies (and Banks) only report when you miss a payment …
There is no requirement for anyone to report to credit agencies. In some cases, nothing may show up at all unless you are delinquent.
What kind of account are these cash advances from? A loan or line of credit would often be reported, but may only indicate whether it was paid as agreed or how long it has been delinquent, not necessarily monthly reporting.
I am not even sure how business credit is reported. One bank changed one of my personal credit cards to a business credit card (I don't even have a business) and it is not listed on my credit reports. I do use it mostly for reimbursable business expenses, but it is not in any way associated with my employer.