04-26-2012 12:11 PM
You are so right. There is nothing that can be done. I would have never known except I got a SW alert about it. I just wish they would be consistent, that's all. Oh well!
04-26-2012 12:29 PM
04-26-2012 12:58 PM
Want to know one of the many reasons I've grown to hate Barclays? After getting the run around and generic BS answers as to why my credit report hadn't updated in 2 weeks after it was suppose to and had done in the past, I get a message after sending them a secure email that doesnt say "we will research this for you" or anything like that. I'm basically told FU...We have 30 days to update although in a bit nicer way. Zero customer service or desire to address the issue. Mentions it can take the credit bureaus 30 days to update and that I needed to send them a copy of my credit report plus allow them 30 days to "investigate". By that time I would have been 2 months behind. The reps there could clearly see on their report ( soft pulled I guess) the old reported balance.
This is only my 2nd month with them so I haven't gotten to the hate stage yet (who knows what the future holds though).....My thing is, they seem to have absolutely no problem SP'ing your credit report regularly (not like they are the only ones to do that). But what the heck is the deal with updating correctly and normally. It can't be that much more difficult. When I pay my utilities this time on the card, I am going to pay it off as soon as it posts. I am interested to see what will happen then. However, I am thinking it may be related to the computer issues other posters were talking about a day or so ago. I just want to see what happens next month. mkm77, how long have you been with them?
04-26-2012 04:16 PM
I just got a scorewatch alert saying my barclays reported out of cycle as well, it should not report for another 10 days or so
In doing some additional reasearch I see this has happened to quite a few people in the last couple of days. So it is officially a Barclays problem. I am fairly convinced that whatever computer malfunction they had resulted in out of sequence updates on people's accounts.
04-26-2012 09:26 PM
Got my SW alert. BT's hit on Barclays, but the card they came off of has not reported yet. 17 point FICO drop. Thanks Barlclays. A couple more days before the other card hits.
04-27-2012 05:18 PM - edited 04-27-2012 05:22 PM
This may very well be a new policy or something crunching. I don't know if the Manager I spoke with is blowing hot air or what. However, I think I may be stepping out of the garden again for Discover sooner than I thought.
04-27-2012 05:23 PM
Well that really bites! I hope not. Just when I decide to BT to them too. Oh well. It is what it is....
04-27-2012 05:31 PM
Yeah it is...But I take that back. I am not apping for JACK!! LOL. I will just be just as diligent as they are in what is on that card. If it means I have to start using Chase again for utilities and using their card for an occassional lunch then that's what I will do. I kind of felt like he was just saying something though. Like, he didn't know what to say, so he was just saying whatever! I think it still remains to be seen whether or not he knew what he was talking about.
04-27-2012 05:56 PM - edited 04-27-2012 05:58 PM
Barclay is officially on my **** list apropos this topic.
Statement cut date: 5th of each month.
Date balance was reported: 4/26. EVERY other month prior to this balance reported on the 5th.
I generally pay this balance in full on the last day of the month...my largest pay date.
FICO score dropped substantially because of this...will pick back up once PIF account reports, but still...
This card goes in the SD...end of story...guess CreditScholar was correct about Barclay.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO