cancel
Showing results for 
Search instead for 
Did you mean: 

When do companies usually report updated balances?

tag
Anonymous
Not applicable

When do companies usually report updated balances?

Just curious when most banks/credit card companies report updates on balances because I'd like to re-run my credit score to see what impact paying down my balances has had. When would be the best time of the month to see the most updates from payments made in early June and late May?

 

Thanks!

Message 1 of 3
2 REPLIES 2
cdtotten
Established Contributor

Re: When do companies usually report updated balances?

Most companies report once a month to the credit bureaus. Usually this is the first/last day of the month.

Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU


Take the FICO Fitness Challenge
Message 2 of 3
fused
Moderator Emeritus

Re: When do companies usually report updated balances?

Actually, most companies report your statement balance to the CRAs. To the OP, find out what your statement dates are, then you'll know what and when it will be reported.
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.