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Regular Contributor
Peaches4524
Posts: 124
Registered: ‎10-06-2009
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Date U.S. Bank Reports to CRA?

Can anybody tell what date they report to the CRA's?  I called them and all I could get was that the staement date changes each month.  Last month was the first month I had it and I had it paid in full by the statement date and it still reported the balance I had before I PIF.  Is it the last day of the month like HSBC or last Business day of the month?  Thanks for your help

11/15/11- TU FICO 707 EQ FICO 710 EXP FAKO 738 (USBANK)
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emoticon
Posts: 43
Registered: ‎10-02-2007
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Re: Date U.S. Bank Reports to CRA?

Mine reports the balance due about a week after the statemnt date.  For example, if my statement is issued on the October 27, my credit report shows the info on about November 4.  All my other cards report either the same day or a day afterwards. In my two-year experience with U.S. Bank, they've been slow to reflect payments made and report to the CRAs.

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Regular Contributor
Peaches4524
Posts: 124
Registered: ‎10-06-2009
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Re: Date U.S. Bank Reports to CRA?

Hmmmm.  My statement showed a $2.00 balance and my credit report said $225.00 which is what I paid them about 4 days before the statement cut.  They said the statement will cut on the 3rd this month so I'll see what they report this time.  Thank you for responding.

11/15/11- TU FICO 707 EQ FICO 710 EXP FAKO 738 (USBANK)
12/12/11 - TU Fico 727 EQ FICO 710 EXP FAKO 739 (USBANK)
Goal Score - 750 by 12/31/2012
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beamMEup
Posts: 4,473
Registered: ‎12-31-2008
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Re: Date U.S. Bank Reports to CRA?


Peaches4524 wrote:

Can anybody tell what date they report to the CRA's?  I called them and all I could get was that the staement date changes each month.  Last month was the first month I had it and I had it paid in full by the statement date and it still reported the balance I had before I PIF.  Is it the last day of the month like HSBC or last Business day of the month?  Thanks for your help


I don't have a USBank card (wish I did!) but my recollection is that yes, they do report the last day (or last business day) of the month like HSBC.

I think there's a few threads here where folks have discussed it......a search might help.

 

I did have an HSBC card and had a dickens of a time figuring them out - I think I learned their reporting ways from these threads as well.  Once I knew what was going on, I could manage the account properly, but it took me a few months to figure out what was going on.  No help from the CSR's there, either. 

 

At any rate, I'm pretty sure the answer to your question is yes - USBank reports the last (business) day of the month.

Just puttin' syrup on something, don't make it pancakes.
Regular Contributor
Peaches4524
Posts: 124
Registered: ‎10-06-2009
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Re: Date U.S. Bank Reports to CRA?

Great, I missed it again.  Oh well, I'll try to get it paid in full before the last business day of the month next month.  Thanks for your help.

11/15/11- TU FICO 707 EQ FICO 710 EXP FAKO 738 (USBANK)
12/12/11 - TU Fico 727 EQ FICO 710 EXP FAKO 739 (USBANK)
Goal Score - 750 by 12/31/2012
Valued Contributor
IOBA
Posts: 2,697
Registered: ‎08-13-2009
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Re: Date U.S. Bank Reports to CRA?

With most of my cc's I have a billing cycle and a statement cycle.

 

With one of them, the billing cycle ends on the 19th (payment due by) and the statement cycle ends the 24th (when the interest will show up on the statement and there is a definite start of a new cycle).   For my cards to report the lower balance, I make sure they are paid BEFORE the billing cycle ends.  I always give them a few days to accept/to record the payment before the billing cycle ends.

 

Hope that helps!

Valued Contributor
IOBA
Posts: 2,697
Registered: ‎08-13-2009
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Re: Date U.S. Bank Reports to CRA?

PS - for a while there, some cc's were reporting weekly to the CRA (like Discover card was if you had a balance).

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
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Re: Date U.S. Bank Reports to CRA?

 


IOBA wrote:

With most of my cc's I have a billing cycle and a statement cycle.

 

With one of them, the billing cycle ends on the 19th (payment due by) and the statement cycle ends the 24th (when the interest will show up on the statement and there is a definite start of a new cycle).   For my cards to report the lower balance, I make sure they are paid BEFORE the billing cycle ends.  I always give them a few days to accept/to record the payment before the billing cycle ends.

 

Hope that helps!


 

I think referring to your due date as a billing cycle is confusing and just wrong.   And in most cases, the balance at the end of the statement cycle is reported, rather than the balance due at the due date.   

 

Valued Contributor
IOBA
Posts: 2,697
Registered: ‎08-13-2009
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Re: Date U.S. Bank Reports to CRA?

Not trying to confuse anyone.  :smileyhappy:

 

Call it what you want....if my payment is due the 19th, it's due the 19th.  If it's paid the 20th, it's late.   That statement will continue to show new charges up until the statement cycle ends on the 24th.  Any charges made on the 25th will show on a new statement.

 

If I want the cc to report a zero balance, I make sure the balance is paid off BEFORE the payment is due (on that card, several days before the 19th so there is time for the payment to be accepted and to record).    And I try not to make charges in the in between time of the 19th and the 24th.

 

 

Regular Contributor
Gotons
Posts: 140
Registered: ‎10-06-2009
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Re: Date U.S. Bank Reports to CRA?

My US Bank secured card always reports on the first of each month and my statement was cut on the 21st.  Over the last few months, my statement date has varied between the 21st, 22nd,  and 23rd and has always reported on the first.  I had a 0 balance until midnight tonight when $7 was charged to my account and it reported the $7, so go figure.


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