Fair Credit Reporting: 3.8.2.1 A Report Is Just One Snapshot in Time
An important point in reviewing the consumer’s report is to realize that it is a snapshot in time. It is not the same report that a potential creditor or other user saw in the past, if for no other reason than new information about the consumer is continually being furnished to CRAs. It is also not the current state of the consumer’s accounts, because there is a time lag. If a creditor makes a monthly dump of information to a CRA, and the consumer makes a payment two weeks later, that payment will not show up on the report until the creditor’s next monthly dump.