cancel
Showing results for 
Search instead for 
Did you mean: 

How long until it hits CR? (HSBC CL decrease)

tag
Anonymous
Not applicable

How long until it hits CR? (HSBC CL decrease)

I was one of those who was hit by the HSBC credit decrease.  Would HSBC report that immediately or when my next billing cycles end?  My last statement was dated 2/10.  I'm just trying to figure out when I should be able to see the impact on my FICO rather than compulsively pulling it every 2 days until it shows up. 
Message 1 of 2
1 REPLY 1
jaysdad2k
Frequent Contributor

Re: How long until it hits CR? (HSBC CL decrease)

I deliberately left a $2 balance on my Orchard the end of last month to see what happened. I PIF'ed it and the Creditkeeper fee 2/3.

 

I got a Scorewatch alert 2/15 that my balance had increased by $2. As many people have said on here, almost all HSBC accounts get reported as of the last day of the month. Interesting that all the CLD's occurred 2/18, just after that alert date. That might mean that they will report everything as of February 28, and the alert would go out about 3/15.

 

 

"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.