topic Re: Walmart Card Reporting in Credit Cards

Walmart Card Reporting

BrokaToe — Sat, 20 Apr 2013 17:22:41 GMT

Ok, so I know there are numerous threads concerning the unusual reporting habits for the Walmart Card GECRB. But I noticed something about my account that I wanted to share.

By watching my balance and credit report very carefully I've discovered that this month Walmart reported to the bureau 1 day after my minimum payment due date.

The reported info was for the current cycles information. So it would appear they reported close to a week prior to my statment cycle ending, rather than after the statement cut. Now I'm not sure if this is regular behavior, I'll have to watch it for a few more months to be sure.

Has anyone else noticed them reporting before the statement cut, but directly after the last cycles minimum payment due date? Maybe we can find a trend here...

Re: Walmart Card Reporting

09Lexie — Sat, 20 Apr 2013 17:32:07 GMT

They reported once early for me and when I called they said they were required to update my cr cause I corrected my address (they left off a digit in my unit number). They then explained anytime there is an profile, au or address change they are required to notify the CB's.

After finding that out, I tried to 'push' an updated report on another GE cards by spelling out DRIVE in my address. Sure enough they would send that days information to the CB's.

Re: Walmart Card Reporting

BrokaToe — Sat, 20 Apr 2013 17:52:48 GMT

Ooohhhhh, fiddle farts, that's what it was! I updated my address the other day because we just moved. That figures, though I may be onto something...

Thanks for reminding me of that Lexie

Re: Walmart Card Reporting

09Lexie — Sat, 20 Apr 2013 17:53:41 GMT

Re: Walmart Card Reporting

Revelate — Sat, 20 Apr 2013 18:54:49 GMT

Isn't that fairly standard?

BOFA and other cards I have all do the same, payment due date is on the last day of the statement cycle, and it closes the following day when they provide you with a new minimum payment and due date.

Traditionally speaking, this is the number that should be reported as far as balances go to the reporting agencies AFAIK. Only surprising thing to me is how quickly Walmart updated the bureaus in this instance.

Re: Walmart Card Reporting

09Lexie — Sat, 20 Apr 2013 21:09:03 GMT

Walmarts's payment due date and statement date are approx 4 days apart. In this case, OPs balance reported before the statement date due to the address update. GE uodates your CR as soon as there is an address change as opposed to waiting until the statement.

Re: Walmart Card Reporting

Revelate — Sat, 20 Apr 2013 21:14:30 GMT

@09Lexie wrote:
Walmarts's payment due date and statement date are approx 4 days apart. In this case, OPs balance reported before the statement date due to the address update. GE uodates your CR as soon as there is an address change as opposed to waiting until the statement.

I really should pay attention more to my Wally card!

Re: Walmart Card Reporting

09Lexie — Sat, 20 Apr 2013 21:29:32 GMT

@ Revelate

I know you didn't get it JUST for the free TU! 😏

Re: Walmart Card Reporting

Rhaeny — Sat, 20 Apr 2013 21:44:37 GMT

@09Lexie wrote:
They reported once early for me and when I called they said they were required to update my cr cause I corrected my address (they left off a digit in my unit number). They then explained anytime there is an profile, au or address change they are required to notify the CB's.

After finding that out, I tried to 'push' an updated report on another GE cards by spelling out DRIVE in my address. Sure enough they would send that days information to the CB's.

ROFLMAO!!!!!!

Soon as I read this I ran over and updated my account to abbreviate DRIVE.....LOL!!!! Let's see if this works for me.

Re: Walmart Card Reporting

09Lexie — Sat, 20 Apr 2013 21:56:21 GMT

@Rhaeny

Experian usually reports in 24 hrs - not sure if they'll be a delay cause of the weekend.

One of the reasons I don't worry about my balance reporting on my GE cards. 😏

Re: Walmart Card Reporting

tld409 — Sat, 20 Jul 2013 18:58:17 GMT

This just happened to me. Walmart reported a balance today which is 4 days after the due date (15th). My statement date has been on the 22nd or 21st of each month. I did not make any address or other changes that would justify the advanced reporting. I did call about upgrading to a Discover earlier in the week and I was told that I would have to apply for it because they do not upgrade without an application. I wonder if they did a manual review after my request anyway and updated my files. Does anyone know if this is a possibility? My current limit is 10k and I typically pay off the balance before the statement cuts.