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When Do Lenders Report?

Valued Contributor

When Do Lenders Report?

I was just viewing my Credit Karma. My JCP statement closes on the 2nd. I close to paid it off on the 4th. The balance on the 2nd was showing last week and now the new lower balance is being reported.  I thought they all report the statement balance a few days after the statement closes and that is it until the next month.

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Message 1 of 6
5 REPLIES
Valued Contributor

Re: When Do Lenders Report?

They can be pretty random sometimes. At least it worked out in your 4avor this time.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 2 of 6
Valued Contributor

Re: When Do Lenders Report?

True. But I plan my purchases/card use based on when cards close/report. So a card that closed on the 30th is getting use the beginning of the month and then I'll start using one after another one closes on the 14th.  Then I pay accordingly to lower utilization even more when I'm either going to app for new credit or request a CLI.  

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Message 3 of 6
Valued Contributor

Re: When Do Lenders Report?

You would have to call up the bank to **bleep** it over time on your own. Even that is hard, because pending transactions can throw off you figuring it out.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 4 of 6
Regular Contributor

Re: When Do Lenders Report?

When I **bleep** called AMEX to ask about when they **bleep** report **bleep** to the **bleep** credit bureaus, they told me they didn't know and if they did know, they couldn't tell me for security purposes. **bleep**, I was able to get them to tell me they report around the **bleep** (4th) to sixth (6th). I think this is true **bleep** my CSP also as my statement closes on the seventh (7th).

 

**bleeps** were added for effect....sorry, but I **bleep** with all the hoopla about them, I should see a few myself Smiley LOL

Starting Score (2016): EX: 748; EQ 737; TU 761

2014 Current Score: Discover FICO08 797 (7/16); AMEX FICO 776 (8/16); PenFed FICO 766 (5/16).


Goal Score: All 800+ Available Credit: $100K+
Utilization:
23%

Gardening Since:
September 2016

Message 5 of 6
Highlighted
Valued Contributor

Re: When Do Lenders Report?

That sounds about right for Chase.

 

US Bank also told me they report a few days before the statement date.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 6 of 6