What statement balanace does Wal Mart TU FICO utilize?

[money_talks]

My Wally TU FICO has yet to be updated for November 2013. But my statement did cut on the 4th for November. Will my new TU FICO take into account the October statement balance or November statement balance?

How does it usually work? Do you always get your statement first, then a couple of days later your new TU FICO is ready?

Also, does anyone know when Wal Mart sends their updates to the CRAs? Is monthly?

[armbenderc]

---

@money_talks wrote:

My Wally TU FICO has yet to be updated for November 2013. But my statement did cut on the 4th for November. Will my new TU FICO take into account the October statement balance or November statement balance?

How does it usually work? Do you always get your statement first, then a couple of days later your new TU FICO is ready?

Also, does anyone know when Wal Mart sends their updates to the CRAs? Is monthly?

---

I know that they update by the 10 business day of the month. It's TU08. If your statement cut by end of October, it will surely show on the new updated November Fico Score.

[SunriseEarth]

---

@money_talks wrote:

My Wally TU FICO has yet to be updated for November 2013. But my statement did cut on the 4th for November. Will my new TU FICO take into account the October statement balance or November statement balance?

How does it usually work? Do you always get your statement first, then a couple of days later your new TU FICO is ready?

Also, does anyone know when Wal Mart sends their updates to the CRAs? Is monthly?

---

Wally FICO posts for everyone on the same day...usually during the first week of the month.  You'll see a thread here, since lots of use have Wally CC and monitor the FICO scores.

Last month, they pulled a scored from Oct 3, so your statement balance wouldn't have made it that month.  Its hard to say if you'll make it this month...I'd assume not.

Wally does report to the three CRAs monthly.

[coldnmn]

They soft pull everyone the same day statement has nothing to do with the pull. Whatever statement is on the report when they do the soft pull.

[money_talks]

Thanks all. So it it safe to use this guideline below?

#1 Statement cuts on November 4th and FICO score shows up on November 5th = FICO uses November balance

#2 Statement cuts on November 4th and FICO score shows up on November 3rd = FICO uses October balance

I'm just concerned about #1 though. Doesn't it take a few days for the new update to reach the CRAs? So #1 in the scenario above might still be pulling the October balance?

So maybe the only real way to know is to pull your TU report the day the score is ready and see what balance is there?

[coldnmn]

It isn't necessarily the same day each month. They may pull on the 3rd or 4th but they say they will post by 10th business day of the month. And that could be earlier or on the tenth business day.

[09Lexie]

If your statement just cut the CR would not have updated prior to the SP. TU is notoriously slow and probably will not update until Fri/Mon

[09Lexie]

If your statement just cut the CR would not have updated prior to the SP. TU is notoriously slow and probably will not update until Fri/Mon

[SunriseEarth]

---

@09Lexie wrote:
If your statement just cut the CR would not have updated prior to the SP. TU is notoriously slow and probably will not update until Fri/Mon

---

+1 to TU being slow.  My JCP CLI didn't show yet as of today, per CK, but JCP should have reported on the 2nd.  EX already shows it.  

This is also the reason why, if the LUV button doesn't work for Amazon once the statement posts sometime tomorrow, I might actually wait until next week to call Credit Solutions....I want that JCP CLI there when they do a fresh SP!

[wHiTeSoL]

Yeah, you're overthinking this. It's best to think about it as two seperate things. 

1. When your Walmart account reports to the CRA.

2. The Fico is generated based on your CR on that specific day.