Does anyone know when WaMu updates the CRAs? We're making lots of purchases on our new WaMu card (which hasn't reported to the CRAs at all yet - but we've only had it for a month) and paying'em off a few days later, but it would be nice to know the actual date.
Do they tend to report on the statement date? Last biz day of the month? First biz day? Anyone know?
In fact, considering how important utilization is to our FICOs, it might even be a good thread to start and perhaps sticky!
Do they tend to report on the statement date? Last biz day of the month? First biz day? Anyone know?
In fact, considering how important utilization is to our FICOs, it might even be a good thread to start and perhaps sticky!
1 ACCEPTED SOLUTION
Accepted Solutions
They report on the day when your new statement is cut. This can be found on the WaMu site under the Transaction History tab and it would say "balance as of 11/xx/2008". You should also look at the other months
to see if WaMu is consistant with the same report date. However it takes an additional 8 days for the CRA(Eq-EX-TU) to post the information so if you are looking to see how your usage has affected your score, you should wait 8 days after your statement has cut before you buy new scores.
I hope I have answered your question.
Fellow Forumer My2cents
They report on the day when your new statement is cut. This can be found on the WaMu site under the Transaction History tab and it would say "balance as of 11/xx/2008". You should also look at the other months
to see if WaMu is consistant with the same report date. However it takes an additional 8 days for the CRA(Eq-EX-TU) to post the information so if you are looking to see how your usage has affected your score, you should wait 8 days after your statement has cut before you buy new scores.
I hope I have answered your question.
Fellow Forumer My2cents
Thank you My2! Thank you, Uniqua!!
Ya'll have laid my worries to rest!!
Ya'll have laid my worries to rest!!