How does credit reporting work for joint loans?

Account activity that would appear on your credit report, such as when you accept a new loan or make a payment toward your loan, is reported to Equifax, Experian, and TransUnion on a monthly basis. A jointly held loan will be reflected in both parties’ credit reports.


It can take up to 30 days for your credit report to register that you’ve paid off your loan. However, it takes between 30 and 60 days for a loan payment to be reflected in your credit report.