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Valued Contributor
Posts: 1,271
Registered: ‎07-17-2012
0

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.

Barclay RewardsCap 1 VentureCap 1 QuicksilverApple RewardsMerrickWalmartJC PennyRed card
|****$10500***|****$9000*****|****$8000*****|****$3200****|****$1600****|****$6000****|*****$6000*****|****$3000****|
EX - 685 | TU - 716 | EQ - 696| EQ 04 - 721
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

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%
Valued Contributor
Posts: 1,271
Registered: ‎07-17-2012
0

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.  

Barclay RewardsCap 1 VentureCap 1 QuicksilverApple RewardsMerrickWalmartJC PennyRed card
|****$10500***|****$9000*****|****$8000*****|****$3200****|****$1600****|****$6000****|*****$6000*****|****$3000****|
EX - 685 | TU - 716 | EQ - 696| EQ 04 - 721
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

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%
Regular Contributor
Posts: 136
Registered: ‎07-09-2012
0

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 (2015): EX: 748; EQ 737; TU 761
2014 Current Score: Discover FICO08 803 (1/15); EQ BE FICO 817 (1/15); PenFed FICO NextGen 799 (12/14)
Goal Score: All 775+ Available Credit: $100K+ Utilization: 10%
Gardening Since: Sept 2014
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

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%
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