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Regular Contributor
Posts: 110
Registered: ‎04-04-2007
0

Orchard hasn't reported

I paid down my orchard card last month to about 2% utilization and as of today its not showing updated on my credit report. Anyone else having this problem?


Starting Score: 581 TU 549 EQ 541 EX(LO Jan. 2011)
Current Score: 696 TU (690 wally) 633 EX 652 EQ
Goal Score: 700 TU 700 EQ


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Capital One $500
Capitol One Secured $2000
Orchard $420
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Established Member
Posts: 27
Registered: ‎06-23-2009
0

Re: Orchard hasn't reported

I am re-establishing my credit as well to purchase another home and I am using Orchard Bank unsecured card as well...I am trying to find out how long they take to report to the credit bureaus...knowing how long they take will be a very good piece of info. I believe you should monitor your reports until the change appears! Good luck!

Starting Score: Fico EQ 560 Jan 2008
Past Score: Fico EQ 674 April 2011
Updated Score: Fico EQ 680 May 2011 EQ 691 EX 687 TU 716 lender pulledCurrent Score:Fico EQ 760 Jan 2011 Sooo happy!
Goal Score: 800 For All!


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Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: Orchard hasn't reported

Orchard reports your balance as of the last business day of the month; and they report it several days later.

 

When I had an Orchard open, it would report on EXperian first - usually starting about the 5th to the 7th of the following month.

Then, usually a few days later on EQuifax.

And finally on TU - anywhere from the 10th to the 14th of the following month.

 

Hope that's helpful!

Just puttin' syrup on something, don't make it pancakes.
Regular Contributor
Posts: 110
Registered: ‎04-04-2007
0

Re: Orchard hasn't reported

Thanks was just wondering cause last month they reported on my report on the 3rd of the month. Hoping to see if this gets me over the 600 mark for eq(according to the simulator 601 is the minimum).


Starting Score: 581 TU 549 EQ 541 EX(LO Jan. 2011)
Current Score: 696 TU (690 wally) 633 EX 652 EQ
Goal Score: 700 TU 700 EQ


Take the FICO Fitness Challenge
Capital One $500
Capitol One Secured $2000
Orchard $420
Walmart Card $700
Paypal SmartConnect $600
Amazon Store Card $700
Established Contributor
Posts: 582
Registered: ‎10-17-2010
0

Re: Orchard hasn't reported

Now, remember HSBC just had a coding issue with Experian and had all accounts temporariy disabled / turned off from view until it was fixed a day or 2 later.  So, I'm guessing for Experian only that it will be a couple more days or those card holders will have to call to have HSBC resend updates by request.

 

Just a thought.

Frequent Contributor
Posts: 466
Registered: ‎05-30-2008
0

Re: Orchard hasn't reported

I have HSBC as well. As previously said, they report the balance of the last business day of the previous month.

 

This month, they first reported to Experian on 04/02/11, to TransUnion on 04/04/11 and finally to Equifax on 04/05/11 - so no 2-week delay here.

 

But there was something strange going on on Experian: On April 5th, the previous balance was reported (the balance prior to the update on 04/02/11) and one day later, it was up-to-date again. Maybe the coding-issue? However, no CLs were incorrectly reported.

Regular Contributor
Posts: 110
Registered: ‎04-04-2007
0

Re: Orchard hasn't reported

Orchard updated today. EQ went to 595 from 557. TU from 603 to 661. I'm getting there. Slow process but hopefully by the end of the year I'll make my goal for EQ. My new goal for TU is to make 700 by the end of the year. Going to leave EQ goal at 650 for now 6 SL accounts showing 90 day late killing me sent them several GW's but always "we are reporting correctly". One medical collection that isn't going anywhere either on all reports. So just going to let them age off. But still loving the progress that I'm making. Thank you myfico members you guys and gals have helped me understand my credit reports.


Starting Score: 581 TU 549 EQ 541 EX(LO Jan. 2011)
Current Score: 696 TU (690 wally) 633 EX 652 EQ
Goal Score: 700 TU 700 EQ


Take the FICO Fitness Challenge
Capital One $500
Capitol One Secured $2000
Orchard $420
Walmart Card $700
Paypal SmartConnect $600
Amazon Store Card $700
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