topic Re: new reporting practices for Discover? in Credit Cards

new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 06:35:40 GMT

In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?

Re: new reporting practices for Discover?

09Lexie — Mon, 12 May 2014 06:41:28 GMT

@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?

Not for me or DH, reported as usual.

Re: new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 07:05:48 GMT

@09Lexie wrote:
@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?
Not for me or DH, reported as usual.

Was your statement cut date in May or April? For me it always was the statement amount until 04/02 but as of 05/02 it all the sudden was with any other amount than the statement amount.

Re: new reporting practices for Discover?

BootStraps — Mon, 12 May 2014 12:50:29 GMT

Discover hasn't updated for me at all since the end of February.

Bummer since I got a CLI in April.

Re: new reporting practices for Discover?

MidnightJester — Mon, 12 May 2014 14:57:21 GMT

I would definetly say that discover has issues with their sysytem reporting your proper statements during months that you get a CLI. Both months I recieved a CLI from Discover I did not have discover and CRA's update. That month they left it blank till I put effort to fix it. Not sure what throws it off. Personaly I lowered both my amount owed with them and lowered my Utilization so that might throw off their reporting when you also mix in a CLI.

Re: new reporting practices for Discover?

takeshi74 — Mon, 12 May 2014 15:00:53 GMT

@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount

It's not random. It's certainly your balance -- just not on the date you expected. IIRC Discover other threads have indicated that Discover can report at times other than statement end. For me it has only been statement end so far.

Re: new reporting practices for Discover?

09Lexie — Mon, 12 May 2014 17:35:54 GMT

@lg8302ch wrote:
@09Lexie wrote:
@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?
Not for me or DH, reported as usual.
Was your statement cut date in May or April? For me it always was the statement amount until 04/02 but as of 05/02 it all the sudden was with any other amount than the statement amount.

Mine was the 4th and DH was two days later. Both reported for May

Re: new reporting practices for Discover?

cclee — Mon, 12 May 2014 18:56:56 GMT

Mine has always reported the statement balance unless my statement cut on a weekend, then it reported whatever the balance was on the following business day. They will also skip the month that you get CLI.

Re: new reporting practices for Discover?

-Wade- — Mon, 12 May 2014 19:26:22 GMT

@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?

For me Discover reported as they always do on the 9th of each month.

Re: new reporting practices for Discover?

Bluedog23 — Mon, 12 May 2014 22:32:05 GMT

For whatever reason, Discover has not reported for me since March 2 --- a 62.00/ 5000 balance ( used the card too close to closing date with some pendings out there) Somehow I managed to have a similar small balance report for April closing. Paid to zero balance for May closing. No update on CRA since March. Annoying, really because the new myFico scoring,dropped,me 7 points in April for having too many cc with a balance. Strange, two cc report in March and score stays at 745. Very next month in April with balances the same except for maybe 10.00 change and I get dinged for too many cards with balances (that's 2/5 cards). Just wish Discover would update so maybe I can get my score,back to 745. Can't be too mad at Discover though since I got a sp CLI 5000 to 8000 on May 2.

Re: new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 22:46:36 GMT

@BootStraps wrote:
Discover hasn't updated for me at all since the end of February.

Bummer since I got a CLI in April.

Same for me.. got a CLI on 02/03 and the new CL got reported 04/03 ... March they skipped completely but when they did report it was always the statement balance in the past.

Re: new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 22:51:24 GMT

@Bluedog23 wrote:
For whatever reason, Discover has not reported for me since March 2 --- a 62.00/ 5000 balance ( used the card too close to closing date with some pendings out there) Somehow I managed to have a similar small balance report for April closing. Paid to zero balance for May closing. No update on CRA since March. Annoying, really because the new myFico scoring,dropped,me 7 points in April for having too many cc with a balance. Strange, two cc report in March and score stays at 745. Very next month in April with balances the same except for maybe 10.00 change and I get dinged for too many cards with balances (that's 2/5 cards). Just wish Discover would update so maybe I can get my score,back to 745. Can't be too mad at Discover though since I got a sp CLI 5000 to 8000 on May 2.

Congrats on your CLI. I would not expect a reporting the month you get a CLI... Discover has often completely omitted the reporting in the month where there was a CLI.

Re: new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 23:02:58 GMT

@-Wade- wrote:
@lg8302ch wrote:
In the past Discover always reported the statement balance for me but this month it got a random amount and not what was on the statement balance. (Noticed because I needed a 0 balance reporting this month ) Discover explained me that they report the account balance on the last business day of the month Is this new? Anybody else noticed this lately?
For me Discover reported as they always do on the 9th of each month.

Thanks. 10 months out of 12 months I could not care less on what Discover reports or does not report but May and November I wanted zero balance .. ..I guess I gambled with the wrong lender for this util manipulation.

Re: new reporting practices for Discover?

lg8302ch — Mon, 12 May 2014 23:08:05 GMT

@cclee wrote:
Mine has always reported the statement balance unless my statement cut on a weekend, then it reported whatever the balance was on the following business day. They will also skip the month that you get CLI.

hmm...05/03 was my statement cut date and this was a Saturday.....so they reported the balance on 05/05 instead ? The CRA have the date 05/07 ..Good to know. As for the CLI I can confirm this happended to me too..no reporting in March as CLI in February billing cycle. Thanks for this info.

Re: new reporting practices for Discover?

axledobe — Mon, 12 May 2014 23:11:56 GMT

They recently skipped reporting two months on me. I think something's going on. Not sure what, however.

Re: new reporting practices for Discover?

lg8302ch — Fri, 16 May 2014 20:43:25 GMT

Update: Discover offered an off-cycle reporting but this time again it got with a random amount.... ... give up with Discover 0 balance reporting is a mission impossible it looks. Statement balance of (-19.10$) got reported +15$ and off-cycle report with yesterdays balance of (-29,74$) got reported with +68$... nobody knows where these amounts come from but since all 3 credit bureau report the same funny amounts it looks that the Discover reporting is with random amounts and not the actual account balance. Well if I ever want to try to report 0 balance on all but 1 account it will have to be the Discover account with the balance as the zero balance reporting simply does not work on Discover account and failed twice now.

Re: new reporting practices for Discover?

Bluedog23 — Sat, 17 May 2014 01:57:52 GMT

@lg8302ch wrote:
Update: Discover offered an off-cycle reporting but this time again it got with a random amount.... ... give up with Discover 0 balance reporting is a mission impossible it looks. Statement balance of (-19.10$) got reported +15$ and off-cycle report with yesterdays balance of (-29,74$) got reported with +68$... nobody knows where these amounts come from but since all 3 credit bureau report the same funny amounts it looks that the Discover reporting is with random amounts and not the actual account balance. Well if I ever want to try to report 0 balance on all but 1 account it will have to be the Discover account with the balance as the zero balance reporting simply does not work on Discover account and failed twice now.

Have to agree with this. tried two months in a row to get zero to report. So, Discover will have to be my 1-9% card for a bit .

Re: new reporting practices for Discover?

C24Webb — Sat, 17 May 2014 02:24:06 GMT

This thread is a bit disappointing. I wonder why they don't report a CLI on the next statement... Otherwise, they have been great for me so far.

I'll be requesting a CLI tomorrow on my it and was planning on requesting one with USAA and Chase after that increase reported. I would have had a zero balance last month if I knew about this a bit sooner. More waiting, I suppose.

On the other hand, I recently received a CLI from GE the day before my statement cut, and that new limit was reported the next day (along with my statement balance, as usual).

Re: new reporting practices for Discover?

lg8302ch — Sat, 17 May 2014 03:24:35 GMT

@C24Webb wrote:
This thread is a bit disappointing. I wonder why they don't report a CLI on the next statement... Otherwise, they have been great for me so far.
I'll be requesting a CLI tomorrow on my it and was planning on requesting one with USAA and Chase after that increase reported. I would have had a zero balance last month if I knew about this a bit sooner. More waiting, I suppose.
On the other hand, I recently received a CLI from GE the day before my statement cut, and that new limit was reported the next day (along with my statement balance, as usual).

Good luck with your CLI. If it does not get reported on your next statement/reporting you can call Discover and ask for an off-cycle report. Just not sure if it would report the new CL as the zero balance does not get reported when the balance is negative but worth a try anyhow Discover does not mind an off-cycle reporting and it is done in seconds on the phone....for me next day appeared on the CR just not with the amount I needed.....LOL...their reporting flunked for my needs.

Re: new reporting practices for Discover?

C24Webb — Sat, 17 May 2014 03:40:51 GMT

@lg8302ch wrote:
@C24Webb wrote:
This thread is a bit disappointing. I wonder why they don't report a CLI on the next statement... Otherwise, they have been great for me so far.
I'll be requesting a CLI tomorrow on my it and was planning on requesting one with USAA and Chase after that increase reported. I would have had a zero balance last month if I knew about this a bit sooner. More waiting, I suppose.
On the other hand, I recently received a CLI from GE the day before my statement cut, and that new limit was reported the next day (along with my statement balance, as usual).
Good luck with your CLI. If it does not get reported on your next statement/reporting you can call Discover and ask for an off-cycle report. Just not sure if it would report the new CL as the zero balance does not get reported when the balance is negative but worth a try anyhow Discover does not mind an off-cycle reporting and it is done in seconds on the phone....for me next day appeared on the CR just not with the amount I needed.....LOL...their reporting flunked for my needs.

Thanks for the luck and the tip! I'll likely ask them to report if the new CL doesn't show up (assuming I'm approved), as I have other plans I'd like to move forward with