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Established Contributor
Posts: 859
Registered: ‎08-24-2013
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GE cards and reported balances

[ Edited ]

 My Paypal statment cut on the 8th with a 0 balance due next month. I timed it that way so that certain cards reported with a zero balance. Once I saw that the statement cut, I went ahead and used it the very next day. I see that purchase was reported on TU. Every other card that I own will only report the balance as of the time the statement cut. GE seems to report the balance even after that? How long should I wait to use it after the statement cuts to avoid it reporting a balance?

Discover IT-[15,600] Double Cash-[10,000] Home Projects Visa-[7,700] Chase Amazon-[6,000] Walmart Mastercard-[6,000] Paypal Xtras Mastercard-[6,000] SYNCB Amazon-[5,000] Slate-[5,000] Sallie Mae-[5,000] Overstock-[4,300] QuickSilver-[4,000] Double Cash-[4,000] Mypoints Visa-[3,750] Ebates Visa-[3,200] Bclays Rewards Mastercard-[3,000] Quicksilver-[3,000] Discover IT-[3,000] BOA Cash Rewards-[2,500] Sony Visa-[2,150] Diamond Preferred-[1,500] Vicky's Secret-[1,350] DSW Visa-[1,000] Simplicity-[500]{Paypal Credit -2,070/ Newegg Preferred-2,000} TCL:[103,550] EX-(20) TU-(15) EQ-(11) Last app: 4/22/15
Established Contributor
Posts: 600
Registered: ‎04-03-2013
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Re: GE cards and reported balances

I think everyone reports different and i know tru takes the longest to update by like 2 days behind the other 2 it seems. But i would contact ge and ask them when they report your account. Everyone is different when they report... some report the day they cut the statement and others do it on certian days of the month. That would be something to call GE to get the answer to so that you know when your balance is reported.




Established Contributor
Posts: 859
Registered: ‎08-24-2013
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Re: GE cards and reported balances


Darrell82 wrote:

I think everyone reports different and i know tru takes the longest to update by like 2 days behind the other 2 it seems. But i would contact ge and ask them when they report your account. Everyone is different when they report... some report the day they cut the statement and others do it on certian days of the month. That would be something to call GE to get the answer to so that you know when your balance is reported.



Darrell82 wrote:

I think everyone reports different and i know tru takes the longest to update by like 2 days behind the other 2 it seems. But i would contact ge and ask them when they report your account. Everyone is different when they report... some report the day they cut the statement and others do it on certian days of the month. That would be something to call GE to get the answer to so that you know when your balance is reported.


I was under the impression what was reported to the bureaus was the balance as of the statement cutting... regardless of when it's reported after it cuts. You learn something new everyday. I'll have to call Credit Solutions. Thanks for the help.

Discover IT-[15,600] Double Cash-[10,000] Home Projects Visa-[7,700] Chase Amazon-[6,000] Walmart Mastercard-[6,000] Paypal Xtras Mastercard-[6,000] SYNCB Amazon-[5,000] Slate-[5,000] Sallie Mae-[5,000] Overstock-[4,300] QuickSilver-[4,000] Double Cash-[4,000] Mypoints Visa-[3,750] Ebates Visa-[3,200] Bclays Rewards Mastercard-[3,000] Quicksilver-[3,000] Discover IT-[3,000] BOA Cash Rewards-[2,500] Sony Visa-[2,150] Diamond Preferred-[1,500] Vicky's Secret-[1,350] DSW Visa-[1,000] Simplicity-[500]{Paypal Credit -2,070/ Newegg Preferred-2,000} TCL:[103,550] EX-(20) TU-(15) EQ-(11) Last app: 4/22/15
Regular Contributor
Posts: 127
Registered: ‎03-07-2013
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Re: GE cards and reported balances

Be careful.

 

GE did this to me on my Dillards Amex.

 

They reported the statement balance then a week later reported the current balance at that time.

 

Called to ask why, account now shows as disputed on reports.

 

Asked them why they did this. Answer was we have no idea what you are talking about.

 

Morons!

 

 

Valued Contributor
Posts: 7,920
Registered: ‎10-21-2012
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Re: GE cards and reported balances

Sorry to hear your disappointment Matt6995.  However, real time reporting has been in the works for GECRB for sometime.  This also is known for Discover and BoA amongst a few.  It is their choice, not yours, to decide when they can submit reporting updates.  They don't take cardholders obsessions with credit scoring or optimization to drive their business model.

Regular Contributor
Posts: 127
Registered: ‎03-07-2013
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Re: GE cards and reported balances

Dont need your input.

Simply stated to be careful.

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Re: GE cards and reported balances

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