topic Re: Why does my PPMC EQ report update daily? in Credit Cards

Why does my PPMC EQ report update daily?

Anonymous — Mon, 13 Jul 2020 17:34:37 GMT

Like.. why? This is super annoying.

Re: Why does my PPMC EQ report update daily?

Rudy1 — Mon, 13 Jul 2020 17:42:20 GMT

That is the weirdest things I have ever seen all of my Synchrony cards report when the statement cuts and somewhere in between like mid month. Though I don't have Paypal I have Ebay and so far that has not happened. Maybe message Synchrony Online or call them.

Re: Why does my PPMC EQ report update daily?

Hex — Mon, 13 Jul 2020 17:58:37 GMT

Sync off cycle reports very frequently. I'm surprised they reported your zero balance because they usually only report when your balance goes up or at statement time. I think they do it to rat you out to all of your creditors. Don't use their cards if you are about to make an important app like a mortgage. It annoys me greatly. Assume any charge you make on a Sync card might be reported as soon as it posts.

Re: Why does my PPMC EQ report update daily?

KLEXH25 — Mon, 13 Jul 2020 17:59:32 GMT

WOW. That's insane. They did a mid-cycle report for me once and I thought THAT was annoying lol. This is just excessive.

Re: Why does my PPMC EQ report update daily?

Hex — Mon, 13 Jul 2020 18:01:06 GMT

@Anonymous

On the bright side you did get bunch of free FICO 8 score updates.

Re: Why does my PPMC EQ report update daily?

K-in-Boston — Mon, 13 Jul 2020 18:15:40 GMT

Synchrony isn't consistent with this, either, but they're the only creditor that I have seen do this (other than Chase when an account is paid to $0). My Rakuten card turned a month old yesterday and with only 1 statement cut, Synchrony has already done 4 bureau updates. My Lowe's and Amazon card never reported off-cycle as far as I can recall, nor did my PayPal Credit account which I paid off within a month or two of Synchrony acquiring that account from Comenity.

Re: Why does my PPMC EQ report update daily?

Anonymous — Mon, 13 Jul 2020 19:09:22 GMT

Sync did this to me the first few months after I got my Amazon and PayPal cards. It stopped and hasn't occurred since. Just one of their quirks.

Re: Why does my PPMC EQ report update daily?

Remedios — Mon, 13 Jul 2020 19:17:03 GMT

@Anonymous wrote:
Like.. why? This is super annoying.

Because Synchonary

Re: Why does my PPMC EQ report update daily?

Remedios — Mon, 13 Jul 2020 19:18:44 GMT

On a serious note, I closed my only card with them because of reporting every three days, or whenever I bought something.

It was annoying me.

Re: Why does my PPMC EQ report update daily?

blindambition — Mon, 13 Jul 2020 19:18:54 GMT

My Verizon Visa was opened June 24th, with first statement closing 17th. They've reported 3 times already. Definitely annoying!!

Re: Why does my PPMC EQ report update daily?

JNA1 — Tue, 14 Jul 2020 01:51:55 GMT

@Anonymous wrote:
Sync did this to me the first few months after I got my Amazon and PayPal cards. It stopped and hasn't occurred since. Just one of their quirks.

Same here. My PPMC did frequent reporting for 2 months until settled down, and now reports on the 14th or 15th every month. Just one of those odd Synchronary things...😉😂

Re: Why does my PPMC EQ report update daily?

AverageJoesCredit — Tue, 14 Jul 2020 12:21:22 GMT

Everyone knows Vantage is better than Fico....

Re: Why does my PPMC EQ report update daily?

JR_TX — Tue, 14 Jul 2020 16:00:59 GMT

Hmm that's really strange. They mid-cycle me once a year on my Marvel and caught me off guard and a little annoyed but never heard of daily reporting from them. Until now.
If it really bothers you then call them about it with a threat to AA them if they don't fix it! 😛

Re: Why does my PPMC EQ report update daily?

coldfusion — Tue, 14 Jul 2020 16:24:03 GMT

@JR_TX wrote:

If it really bothers you then call them about it with a threat to AA them if they don't fix it! 😛

and don't forget to report back here with the outcome from the call 😁

Re: Why does my PPMC EQ report update daily?

Anonymous — Wed, 22 Jul 2020 03:29:11 GMT

Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

#letitendplease

Re: Why does my PPMC EQ report update daily?

Credit12Fico — Wed, 22 Jul 2020 09:00:10 GMT

@Anonymous wrote:
Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

#letitendplease

It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)

2) Pesky fraud locks

Have any of these been true for you?

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)

Re: Why does my PPMC EQ report update daily?

Anonymous — Thu, 23 Jul 2020 17:52:44 GMT

@Credit12Fico wrote:
@Anonymous wrote:
Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

#letitendplease
It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)
2) Pesky fraud locks

Have any of these been true for you?

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)

My account is 1yr 1mo old and this has never happened. I don't even want to call, in fear they'll close my account lol.

Nonetheless, we are receiving daily reports. Gonna be interesting to see how this incoming $3.5k car repair charge posts

Re: Why does my PPMC EQ report update daily?

Credit12Fico — Fri, 24 Jul 2020 00:09:04 GMT

@Anonymous wrote:
@Credit12Fico wrote:
@Anonymous wrote:
Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

#letitendplease
It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)
2) Pesky fraud locks

Have any of these been true for you?

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)
My account is 1yr 1mo old and this has never happened. I don't even want to call, in fear they'll close my account lol.

Nonetheless, we are receiving daily reports. Gonna be interesting to see how this incoming $3.5k car repair charge posts

Indeed. I'm still suspicious of what exactly or how exactly Sync is reporting because as I mentioned, your credit score only changes once a month based on the image you posted above. You would think the score jumps all over the place daily due to balance increases and decreases. At one point you paid off $352 and the score didn't change which is unfathomable considering the CL is 7K according to your signature. That's a 5% drop in utilization with no change in actual credit score. From June 22nd through July 13th, your Fico 8 has not moved from 742.

I'm a little less worried now. What they are doing seems relatively harmless if it's not actually triggering a daily change in the Fico score. I was concerned that the Fico scoring model would not take well to daily reporting (could accidentally drive a longterm downward trend) but seems that is not the case. Seems like it's some kind of "soft reporting" akin to "soft pulling". Maybe other lenders can only see the statement balance?

I agree with you though, I wouldn't bother calling in either. Best to be paranoid and avoid any undue attention to the account in these times.