Reply
New Member
hollyanimal
Posts: 3
Registered: ‎04-18-2008
0

Discover Reporting

Hi,

Does Discover report when the statement cuts? Thanks.
Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Discover Reporting

They usually report within a couple days of the statement cutting, in my experience.
Here we go again...
Valued Contributor
athensguy
Posts: 1,291
Registered: ‎02-26-2008
0

Re: Discover Reporting

Discover also has a slightly unpleasant tendency to report mid-cycle.
Senior Contributor
BungalowMo
Posts: 4,234
Registered: ‎05-01-2008
0

Re: Discover Reporting


athensguy wrote:
Discover also has a slightly unpleasant tendency to report mid-cycle.

Nasty 8@$+@rd$!!!!!!  :smileymad:   I hate that!



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Frequent Contributor
jaysdad2k
Posts: 368
Registered: ‎02-07-2008
0

Re: Discover Reporting

My Discover closing date is the 9th. They report on the 9th or 10th.
"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Discover Reporting

Discover has been a mixed bag for me.  My statement cuts the 20th and it updates on the 20th, but it then reports again on the 26th.  And it reports "current balance" on the 26th, not statement balance as of 20th.

 

So, I have to pay off the card by the 20th, then not use it till the 27th if I want a $0 balance reported.

 

I have called in and they have promised to do mid cycle CRA updates for my balance, but it never happens.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Contributor
athensguy
Posts: 1,291
Registered: ‎02-26-2008
0

Re: Discover Reporting


txjohn wrote:

Discover has been a mixed bag for me.  My statement cuts the 20th and it updates on the 20th, but it then reports again on the 26th.  And it reports "current balance" on the 26th, not statement balance as of 20th.

 

So, I have to pay off the card by the 20th, then not use it till the 27th if I want a $0 balance reported.

 

I have called in and they have promised to do mid cycle CRA updates for my balance, but it never happens.


That's pretty strange.

In my case, the statement cuts on the 27th and reports that balance. It's one of my cards that I pay to $0 for the sake of the reporting. Occasionally there is a random update in the middle of the cycle. It's nothing regular like what you're seeing though.

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}