I know I've seen this before, but my search-fu is failing me.
(hey mods--would there be any point to having a sticky with faqs about the most popular cards/banks?)
So, I had a 700 dollar charge that was pending FOREVER on my bofa card. Of course it finally hit my statement on the day the statement cut. So instead of the nice little <10 % balance I wanted to report, I'm reporting like 40% util, annoying, but not the end of the world.
My question is, do they report to the bureaus on the statement day, or at the end of the month? I know I read someone was an exception, I just can't remember who.
FAKO TU: 730 (Too poor to check the real scores these days!)
HSBC is the exception. They report the balance on the last day of the month, not the statement balance.
BofA has had reporting issues lately. Generally, they will report the statement date a few days after it posts. The exception to BofA is the fact that they will also update if something changes on your account - like a CLI.
I believe most people have who have seen an update in June noticed this about a week after their normal update date.
~*~*~*~*~*~*~*~*~*~*~ From 700 in 2008 to 498 in 2012... 4/23/12 -- BK 13 date of filing EQ = 505 4/18/12 -- EQ 498 12/5/13 -- EQ 669 Here we go.... back on track.