topic Re: Getting peeved about reporting date in Credit Cards

Getting peeved about reporting date

Anonymous — Sun, 14 Oct 2007 02:34:08 GMT

Ok. I was complaining about my BB MasterCard reporting on the 30th of the month instead of the statement date. Turns out it reports whenever the heck it wants and it turns out whenever the balance is highest. WTH? Just got a score watch report that this thing is reporting with an 80.00 balance the last time it reported was at the end of a month with a 26.00 balance and then didn't update for a couple of months though the statement balance was zero. Now it's reporting on the 13th of the month with a balance that wasn't the balance on the last day of the month? WTH? I always pay the stupid thing before the statement date which BTW isn't until the 21st. Definitely will close at a year. Won't be surprised if the danged thing reports again next week as I put 27.00 on it since then and the balance right now is 107.

Re: Getting peeved about reporting date

Anonymous — Sun, 14 Oct 2007 23:17:51 GMT

So they are reporting the high balance for the month?

That's nuts.

Re: Getting peeved about reporting date

Anonymous — Sun, 14 Oct 2007 23:21:35 GMT

My Direct Merchants cards does a similar thing. I can never pin down when it will report but you can bet it won't be after I PIF.

Re: Getting peeved about reporting date

Anonymous — Sun, 14 Oct 2007 23:25:13 GMT

Cooneyca wrote:

My Direct Merchants cards does a similar thing. I can never pin down when it will report but you can bet it won't be after I PIF.

Funny same issuer...lol!!! So I am NOT crazy!!! At least not in this instance.

Re: Getting peeved about reporting date

haulingthescoreup — Sun, 14 Oct 2007 23:44:09 GMT

@Anonymous wrote:
@Anonymous wrote:
My Direct Merchants cards does a similar thing. I can never pin down when it will report but you can bet it won't be after I PIF.
Funny same issuer...lol!!! So I am NOT crazy!!! At least not in this instance.

Who's the issuer? Sounds like one to avoid!

Re: Getting peeved about reporting date

Anonymous — Sun, 14 Oct 2007 23:52:32 GMT

haulingthescoreup wrote:

Brammy wrote:

Cooneyca wrote:
My Direct Merchants cards does a similar thing. I can never pin down when it will report but you can bet it won't be after I PIF.

Funny same issuer...lol!!! So I am NOT crazy!!! At least not in this instance.

Who's the issuer? Sounds like one to avoid!

Its HSBC but none of my other cards report like that and I have three with them. weird.

Re: Getting peeved about reporting date

Anonymous — Mon, 15 Oct 2007 00:55:40 GMT

That is weird-

I have yet to see an HSBC card to not report the balance from the last weekday of the month. UNTIL NOW.

Re: Getting peeved about reporting date

creditgirl — Mon, 15 Oct 2007 03:17:17 GMT

Tribute does the same thing. They can't tell you when they report, so I have vowed never to put more than 9% on the card. It's crappy anyway so whatever. I will get rid of it as soon as it serves it's purpose!

Re: Getting peeved about reporting date

Anonymous — Mon, 15 Oct 2007 12:51:17 GMT

Timothy wrote:
That is weird-

I have yet to see an HSBC card to not report the balance from the last weekday of the month. UNTIL NOW.

I remember you saying that which is why I made SURE not to put anything on it til after that tiome. Here we are on the 13th of the month and its just reporting but with the new charges Keep in mind my statement cuts in 8 days. Will pay it off and shred it and see what it reports then.

Re: Getting peeved about reporting date

Anonymous — Wed, 14 Nov 2007 23:39:02 GMT

It's probably a good idea to always keep util 1-9% instead of dancing around when you think they're going to report. which is unfortunate when working with a smaller balance...

Re: Getting peeved about reporting date

Anonymous — Wed, 14 Nov 2007 23:49:35 GMT

Even though 1-9% is ideal utilization, I don't subscribe to it and that is not for individual cards but overall. I keep uti under 30% definitely under 50 simply because I run a small biz and don't have time to micro manage. You onyl start taking hits on individ cards used to 90% of the limit regardless of what you overall is.

Re: Getting peeved about reporting date

Anonymous — Wed, 14 Nov 2007 23:51:56 GMT

I thought the formula accounted for not only overall but individual card utilization? You're saying it's just overall and not individual?

Re: Getting peeved about reporting date

Anonymous — Wed, 14 Nov 2007 23:59:43 GMT

TheCynicalOne wrote:

I thought the formula accounted for not only overall but individual card utilization? You're saying it's just overall and not individual?

The 1-9 is overall for optimal uti. However, when any one card reports maxed its bad news

Re: Getting peeved about reporting date

Anonymous — Thu, 15 Nov 2007 00:02:30 GMT

For example I ran my C1 card up to 65%. not a whimper from FICO except to tell me about a balance increase. My overall uti was stilll low but requested a CLI because I knew if I didn't I would be near max out ran which can hurt you as much as a collection

Re: Getting peeved about reporting date

Anonymous — Thu, 15 Nov 2007 00:13:27 GMT

Brammy wrote:
For example I ran my C1 card up to 65%. not a whimper from FICO except to tell me about a balance increase. My overall uti was stilll low but requested a CLI because I knew if I didn't I would be near max out ran which can hurt you as much as a collection

omg...I really hope chase didn't report my max outs to the cras. I think I maxed them out about twice. But it was before the closing date, so I don't know if it was reported. Also, I didn't get charged an overlimit fee, so it probably isn't very likely.