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Banks and their shady reporting habits

Senior Contributor

Banks and their shady reporting habits

Surely I'm not the only person to notice that whenever I increase a balance on a card, it almost gets reported right away...but whenever I pay an account off or make a substantial, util reducing payment... Seems like they take forever to report it!!!! Grrr!!! Shady!! Lol

Anyone else notice this about credit card companies? Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 1 of 23
22 REPLIES
Established Contributor

Re: Banks and their shady reporting habits

I dunno about you but mine generally reports at the sametime every month ? =\


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 2 of 23
Moderator Emeritus

Re: Banks and their shady reporting habits

Mine too.

Which lender is doing this to you? Ive heard BOA is bad about doing this; but I don't do business with BOA so I have no experience

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Message 3 of 23
Super Contributor

Re: Banks and their shady reporting habits


webhopper wrote:
Mine too.

Which lender is doing this to you? Ive heard BOA is bad about doing this; but I don't do business with BOA so I have no experience

GE also does this for the first cycle on walmart cards, I don't know about any other ones though. 

 

 

 

Also @ OP: 

 

From the "How credit bureaus update your reports" sticky thread...

 

"Information that would negatively affect your credit rating--like a late pay or charge-off--is instantly beamed from the creditor to the agency via Department of Defense 256-megabit fiber optic lines and written to their servers in 8.6 milliseconds.

Information that would positively affect your credit rating is scribed onto scrolls in special ink by Gregorian monks, which are then painstakingly illuminated. The Credit Scrolls are then placed onto camel caravans which wind their way to the credit bureau headquarters by way of Marrakesh, Dubai, and Tripoli. Once the caravan reaches Equifax, Experian or TransUnion, the scrolls are then laid out in the sun for a week so that the special ink can be read. (Note that the weather around the credit bureau headquarters is notoriously gloomy, like FICO itself, so finding seven consecutive days of sunshine can be quite an ordeal in and of itself.) Only then can the information finally be encoded into your credit files..." 

 

lol 

Message 4 of 23
Established Contributor

Re: Banks and their shady reporting habits


jsucool76 wrote:

webhopper wrote:
Mine too.

Which lender is doing this to you? Ive heard BOA is bad about doing this; but I don't do business with BOA so I have no experience

GE also does this for the first cycle on walmart cards, I don't know about any other ones though. 

 

 

 

Also @ OP: 

 

From the "How credit bureaus update your reports" sticky thread...

 

"Information that would negatively affect your credit rating--like a late pay or charge-off--is instantly beamed from the creditor to the agency via Department of Defense 256-megabit fiber optic lines and written to their servers in 8.6 milliseconds.

Information that would positively affect your credit rating is scribed onto scrolls in special ink by Gregorian monks, which are then painstakingly illuminated. The Credit Scrolls are then placed onto camel caravans which wind their way to the credit bureau headquarters by way of Marrakesh, Dubai, and Tripoli. Once the caravan reaches Equifax, Experian or TransUnion, the scrolls are then laid out in the sun for a week so that the special ink can be read. (Note that the weather around the credit bureau headquarters is notoriously gloomy, like FICO itself, so finding seven consecutive days of sunshine can be quite an ordeal in and of itself.) Only then can the information finally be encoded into your credit files..." 

 

lol 


lol i like


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 5 of 23
Valued Contributor

Re: Banks and their shady reporting habits

This only happened to me once with Barclays a few months back. For whatever reason, they updated midcycle and I had a balance, but it did not bother me. I use creditkarma to check the report every few days so maybe it is not that accurate. Some will report again if you get a limit increase or decrease.

Message 6 of 23
Super Contributor

Re: Banks and their shady reporting habits


navigatethis12 wrote:

This only happened to me once with Barclays a few months back. For whatever reason, they updated midcycle and I had a balance, but it did not bother me. I use creditkarma to check the report every few days so maybe it is not that accurate. Some will report again if you get a limit increase or decrease.


Some lenders also report mid cycle if you change your payment due date 

Message 7 of 23
Valued Contributor

Re: Banks and their shady reporting habits


jsucool76 wrote:

navigatethis12 wrote:

This only happened to me once with Barclays a few months back. For whatever reason, they updated midcycle and I had a balance, but it did not bother me. I use creditkarma to check the report every few days so maybe it is not that accurate. Some will report again if you get a limit increase or decrease.


Some lenders also report mid cycle if you change your payment due date 


Ding ding ding. Walmart did this to me.


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Message 8 of 23
Senior Contributor

Re: Banks and their shady reporting habits

Hahahhaah I remember reading that a while back!! So true!!!

It is Barclay's, GECRB, and Crapital One.... So all of them really lol.

Amex and Discover meanwhile haven't reported anything yet lol...a month later hahaha.

Specifically, My Travelocity Amex, Amazon, and Wmt Discover are lagging. I've paid $1k+ collectively, which is like a couple of percent off my utilization I think. But Amex never sleeps!! Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 9 of 23
Senior Contributor

Re: Banks and their shady reporting habits

Yeah... I noticed a CL decrease on my reports for my NM account before I was even informed by NM that they had decreased it. I closed that account within the month.. That was right after Crapital One took over HSBC.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 10 of 23