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Established Contributor
masscredit
Posts: 617
Registered: ‎07-17-2012

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.



|****$8500****|****$4500*****|****$2500*****|****$1600****|****$3000****|*****$750******|*****$700*****|
EX - 680 (Credit Sesame 03/02/14) TU - 665 (Walmart 04/05/14 ) EQ - 691 (FICO -04/05/14)
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
masscredit
Posts: 617
Registered: ‎07-17-2012

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.  



|****$8500****|****$4500*****|****$2500*****|****$1600****|****$3000****|*****$750******|*****$700*****|
EX - 680 (Credit Sesame 03/02/14) TU - 665 (Walmart 04/05/14 ) EQ - 691 (FICO -04/05/14)
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Regular Contributor
DesertLife
Posts: 134
Registered: ‎07-09-2012

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 :smileylol:


Starting Score: EX: 717; EQ 723; TU 732
2014 Current Score: EX 740; EQ 737 (4/14); TU 775 (4/14)
Goal Score: All 750+
Available Credit: $100K+
Gardening Since: April 17 2014
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%

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