Curt F asked: Hi Experts!
I am recovering from a hit to my credit report in the form of two consecutive non-payments on a small student loan. The loan bill was sent to my parents house who are retired and have been in Europe for the past 3 months so I don’t completely blame myself. However – I just paid the payment balance last week and i’m curious about the effect it will have on my report.
So my questions are:
1)Will it take a month for the loan creditor to report the payment to the credit bureaus or is this more of an instantaneous process?
2)Now that the account dues are paid, will the loan be removed from the “adverse accounts” section of my report and will my score jump up at all?
I’m really interested in building up my score – this hit was a real punch in the nose for me. I guess there are always bumps in the road 
Well thanks in advance for all of your help and I’m looking forward to reading your responses.
-CF
Mildred
September 27th, 2010 
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