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Contributor
cspar1212
Posts: 114
Registered: ‎09-21-2007
0

orchid bank reporting

Hello, can anyone tell me when Orchid bank reports to Credit reports. My payment is due on the 6th of each month if this helps any. Reason i need to know, my mortgage officer want to do another pull on my credit after ive paid down my cards and want to know when she should pull it,

Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012
0

Re: orchid bank reporting

they report on either the 20th or 21st of every month.      depending on what day the statement is actually cut that month.   i usually have it paid by the 19th, then wait to use it until i see it post on my cr


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Contributor
cspar1212
Posts: 114
Registered: ‎09-21-2007
0

Re: orchid bank reporting

what is your payment due date? does that determine when they report?

Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012
0

Re: orchid bank reporting

Not sure what my due date is. I focus on when the statement is cut. Whatever information is on your statement when it is cut is what gets reported to the credit reporting agencies. For example. I just did an online payment for the balance on my card today. Should post by the 19th. Statement gets cut on 20th. It will report to credit agencies on the 20th or 21st showing I have no balance. Utilization stays low and I'm paid on time. If you do carry a balance make sure you pay what is due so you don't get a 30day late

Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


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Valued Contributor
ryanbush
Posts: 1,292
Registered: ‎08-19-2012
0

Re: orchid bank reporting

It will report on your statement date each month

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