topic Tradelines Reporting Before Cards Received! in Understanding FICO® Scoring

Tradelines Reporting Before Cards Received!

thom02099 — Mon, 04 Feb 2013 23:34:56 GMT

Three new Tradelines from apps in January reporting before I even received the cards!

Merrill Lynch reporting as BofA account, got the (wrong) card the same day that the TL reported, called them up, awaiting a replacement (correct) card. No change in scores (FICO)

Chase Slate Visa reporting already, 5 days after approval, and before the card even arrives. 3 point drop in score (FICO)

IberiaBank Select VIsa also reporting as of today, still waiting for card to arrive! 1 point drop in score (FICO)

All of these were notices from SW, as well as direct from the Experian site. No change whatsoever at EX site with 3 new TL. Yup, it's a FAKO, but I expected a bit of a downward bump. But nada happened!

Re: Tradelines Reporting Before Cards Received!

bobebob — Tue, 05 Feb 2013 06:13:20 GMT

@thom02099 wrote:
Three new Tradelines from apps in January reporting before I even received the cards!

Merrill Lynch reporting as BofA account, got the (wrong) card the same day that the TL reported, called them up, awaiting a replacement (correct) card. No change in scores (FICO)

Chase Slate Visa reporting already, 5 days after approval, and before the card even arrives. 3 point drop in score (FICO)

IberiaBank Select VIsa also reporting as of today, still waiting for card to arrive! 1 point drop in score (FICO)

All of these were notices from SW, as well as direct from the Experian site. No change whatsoever at EX site with 3 new TL. Yup, it's a FAKO, but I expected a bit of a downward bump. But nada happened!

That is completely shocking that the postal service isn't faster than the electrons in the internet!

Oh wait, no it's that other thing - completely believable and expected.

My DCU account showed my 10K available balance on the new credit line within seconds of me clicking the "accept" button. It did take a couple of days to get the card in the mail.

All kidding aside, I would expect the CCC's to send out immediate updates to the CRA's for a new TL. Wouldn't do to let someone rack up multiple credit cards within the month without new applications being able to see the increased risk of the new lines.

Re: Tradelines Reporting Before Cards Received!

Anonymous — Tue, 05 Feb 2013 13:54:58 GMT

Within the last week I applied for CSP, Chase Freedom, Chase Marriott Rewards, and AMEX BCE. I have been using CitiCard's identity watch and as I was apping for the first card within minutes my phone buzzed with an email identifying me that a new line had been reported. They are definently quick with reporting things, at least at Chase!