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Does cc update anytime?

Regular Contributor

Does cc update anytime?

Hi everyone, I just wanted to know if cc company's updated monthly---then why did my cc balance update after the "monthly" update? My cc balance on my report date (15th of each month) was $35 and now it is $176 which is showing on my updated TC reports. Why update them "monthly" if they can report anytime? Too tired to figure out--Thanks.
Message 1 of 6
5 REPLIES
Established Contributor

Re: Does cc update anytime?

Some CC report the balance at the statement close and some report the balance on the day they update. You will have to look back at your report to figure out who does what.
9/18/08 TU=707 EQ=706 EX=702
Message 2 of 6
Regular Contributor

Re: Does cc update anytime?

Okay, so tell me if this is right. Cap1 reports to the CRA's on the 15th of each month (for me), but when I updated my report the new balance showed up. Can they report twice in one month or worse even more than that?
Message 3 of 6
Moderator Emeritus

Re: Does cc update anytime?



2anewu wrote:
Okay, so tell me if this is right. Cap1 reports to the CRA's on the 15th of each month (for me), but when I updated my report the new balance showed up. Can they report twice in one month or worse even more than that?



Technically, they can report every day if they want. But they generally don't.
Message 4 of 6
Regular Contributor

Re: Does cc update anytime?

Just my luck! Thanks.
Message 5 of 6
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Frequent Contributor

Re: Does cc update anytime?

Most CC companies report to the CRA's the same day they generate your monthly statement. They best eay to find out when your CCC does it is simply call them and ask.
Message 6 of 6