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Help--"Balance Increase" alerts 12 days early

Contributor

Help--"Balance Increase" alerts 12 days early

I am seriously confused by why a sudden mid-cycle reporting 12 days before my next statement.

 

Received alerts today that KOHLS Charge/Cap1 reported a "balance increase" to all 3 CRA's...12 days before my statement cuts. My card util. went from 0% to 48%. 

 

My statement isn't expected to cut until 8/21/17. No new statement today. No changed due date today. I don't understand...never happened before.

 

For the last 2 mos. my balance is reported at $0. I use the card and PIF every month before the new statement cuts. This mid-cycle report is not good if it's going to impact my credit score. So far CK -3 (Vantage). I assume MF will drop a few as well. 

 

On 7/21 my last statement cut with my balance of $0. On 8/2 I bought my son a few things for school. By 8/9 I receive "balance increase" alerts. As of today, TU, EQ, and EX all show "current balance" is no longer at $0.00 and now has a balance.

 

Payment History already updated "OK" for JUL just 2-wks ago...now 8/17 is already updated to "OK" too. My spending is about the same it usually is this time of month...maybe even less. 

 

 

Can someone explain to me why this happens? Is there any way to prevent this? Should I expect KOHLS to skip updating for AUG. now when my cycle ends (8/21)?

 

 

 

Btw, It's not just the -3 pts I dislike, it's the util. increase at a time mid-cycle. I make sure the total util. reports significantly low every month (usually 1-3%). I am in rebuilding stages since Mar. 2017. Any loss in points very much matters. If patterns continue as they have been going my score will drop -3 pts and only gain +1 when KOHLS reports back at $0. I seem to lose points without doing anything. lol.

Fico 8 (11/25/17): EQ 669, TU 639, EX 670
In the garden … till Spring 2018

3/17: Cap1 QS MC ($750 CL); 4/17: Kohls Charge ($700 CL)
5/17: Overstock Store ($2,600 CL); Victoria Secrets ($750 CL)
10/17: Cap1 QS VS ($3,000 SL); Discover It ($9,000 SL)
10/17: HSN/Comenity ($2,650 CL)
11/17: Amazon Prime Store ($1,400 SL); Walmart ($300 SL)

Rebuilding -- Ch. 7 BK (10/26/16). Starting scores: EQ 541. TU 581
Message 1 of 3
2 REPLIES
Contributor

Re: Help--"Balance Increase" alerts 12 days early

Already seeing the impact from Kohl's/Cap1's mid-cycle reporting.

 

EQ -7 pts and lowered credit step from Good to Fair. I like Kohl's discounts but not enough to lose 7 points out of the blue. I have been working hard to raise my credit score and improve my credit score. I feel like I am being penalized for giving Kohl's my business, well $$$.

Fico 8 (11/25/17): EQ 669, TU 639, EX 670
In the garden … till Spring 2018

3/17: Cap1 QS MC ($750 CL); 4/17: Kohls Charge ($700 CL)
5/17: Overstock Store ($2,600 CL); Victoria Secrets ($750 CL)
10/17: Cap1 QS VS ($3,000 SL); Discover It ($9,000 SL)
10/17: HSN/Comenity ($2,650 CL)
11/17: Amazon Prime Store ($1,400 SL); Walmart ($300 SL)

Rebuilding -- Ch. 7 BK (10/26/16). Starting scores: EQ 541. TU 581
Message 2 of 3
Valued Contributor

Re: Help--"Balance Increase" alerts 12 days early

Scores should rebound when a $0 balance reports



3/16 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>11/17 CCT EX 735 TU 807 EQ 716
You are only young once, but you can be immature forever
Message 3 of 3