Reply
Frequent Contributor
Posts: 403
Registered: ‎04-08-2009
0

weird.....

I just recieved an alert from Equifax about an increase in balance and a point change increase of 5 points. The problem is I usually pay my balance off weeks before the statement is cut and i did just that but this time the balance posted on all three credit bureaus anyway despite me paying before the statement cut. I think they, BofA  are posting balances weeks before statements are cut. Or maybe it's just me. :smileyindifferent:

 

Comments

Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares
Established Contributor
Posts: 720
Registered: ‎05-04-2007
0

Re: weird.....

Many different CCCs post mid-cycle occasionally for their own reasons ...
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: weird.....

BoA will report mid cycle for many reasons including:

 

1.  Product C hange of the cc account

2.  Dispute or Inquiry of Account (through CRA or through Credit Analyst)

3.  CLD or CL restoration (CL restoration not always)

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Frequent Contributor
Posts: 403
Registered: ‎04-08-2009
0

Re: weird.....


txjohn wrote:

BoA will report mid cycle for many reasons including:

 

1.  Product C hange of the cc account

2.  Dispute or Inquiry of Account (through CRA or through Credit Analyst)

3.  CLD or CL restoration (CL restoration not always)

 


Well the only thing i had that falls in that category is # 3 when my CL was restored last month with the 5k increase added. I just thought it was weird because it's never happened to me before.

Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares
Regular Contributor
Posts: 137
Registered: ‎05-14-2007
0

Re: weird.....

They also have a rotten habit of reporting mid-cycle during the holidays* - 2 years in a row they caught me - all my holiday presents/shopping reported before I could pif before the statement cut.

 

* or any time your spending is higher than usual.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.