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Frequent Contributor
Posts: 358
Registered: ‎06-25-2012
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Discover mid-cycle reporting... again!

I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

 

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

 

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

 

Just wanted to give you all a heads-up that this seems to be the norm for Discover.

Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
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Re: Discover mid-cycle reporting... again!


SwampSystems wrote:

I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

 

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

 

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

 

Just wanted to give you all a heads-up that this seems to be the norm for Discover.


I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?

 




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EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Frequent Contributor
Posts: 358
Registered: ‎06-25-2012
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Re: Discover mid-cycle reporting... again!


LS2982 wrote:
I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?

No, I just figured there is nothing they would do about it because the information they reported was accurate on the date that they reported it.

Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
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Re: Discover mid-cycle reporting... again!


SwampSystems wrote:

LS2982 wrote:
I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?

No, I just figured there is nothing they would do about it because the information they reported was accurate on the date that they reported it.


They might not be able to update but they could give you insight as to why they are mid-cycle updating your account.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 10,546
Registered: ‎12-30-2011
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Re: Discover mid-cycle reporting... again!

I think from reading these forums that Discover is known to do this for whatever reason.  It's not just you :smileyhappy:.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Posts: 631
Registered: ‎07-29-2010
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Re: Discover mid-cycle reporting... again!

[ Edited ]

My Discover skipped reporting this month for some reason. And it makes me kinda mad because I got a CLI and paid off a BT, so CL is reporting too low and balance reporting too high :smileymad:

 

 

Oh well, util is only 3% with it reporting wrong so its not a big deall. I still love my Discover, its my favorite card in my wallet.

Discover IT $25K | FNBO Visa $22K | Citi Forward $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $10K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Amazon/GEMB $2.5K | Younkers/Comenity $2.4K | AMEX BCE $2K Target $1K | AMEX Green
EX FICO (from AMEX): 754, TU08 FICO (from Discover): 755, AAoA: 3.6 years
Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
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Re: Discover mid-cycle reporting... again!

I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping! :smileytongue:




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 912
Registered: ‎06-14-2012
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Re: Discover mid-cycle reporting... again!


LS2982 wrote:

I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping! :smileytongue:


+1000, im the exact same way LS.



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
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Moderator
Posts: 10,546
Registered: ‎12-30-2011
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Re: Discover mid-cycle reporting... again!


LS2982 wrote:

I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping! :smileytongue:


Why does it matter 90% of the time?  Granted I know people have gone through application addiction phases over time on this forum, but unless you need a pretty FICO for whatever reason (or as pretty as possible) getting up in arms over a mid-cycle or non-update for a given month doesn't do any good other than annoying your lender of choice.

 

Unfortunately all one really accomplishes is aggravating a CSR who has absolutely no ability to rectify the situation in the vast majority of cases... but likely does have some ability to make one's life more of a hassle than it needs to be if he or she so chooses.  I see complaints regarding lender customer service on this forum, while folks may think they're entitled to it (and in fairness that's somewhat legitimate) one'll usually get far further approaching it like the proverbial two-way street instead. 

 

End of the day, most people don't even know let alone care, so we're simply pushing ourselves further outside the bell curve.  

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Established Contributor
Posts: 930
Registered: ‎07-30-2011
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Re: Discover mid-cycle reporting... again!

I don't think Discover has updated for this month for me, because I haven't gotten a SW alert for the balance transfer I paid off two weeks ago.  The statement date was 12 days ago, so there's really no excuse.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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