topic Re: Does Chase still report automatically when you pay down to $0 balance? in General Credit Topics

Does Chase still report automatically when you pay down to $0 balance?

cluelessoregonguy — Tue, 09 Sep 2014 01:09:16 GMT

I accidently let my Freedom report at like 85% util because the statement date in the account area was like 2 weeks off. I went ahead and PIF. Do they still update mid statement cycle when you pay to $0? If so how long do they usually take to update? Any quirks with having a negative balance?

I don't really have anything to apply for atm but want to see what my scores do at under 1% util.

Re: Does Chase still report automatically when you pay down to $0 balance?

Anonymous — Tue, 09 Sep 2014 01:14:28 GMT

i think they update once a month but dont quote me on that

@cluelessoregonguy wrote:
I accidently let my Freedom report at like 85% util because the statement date in the account area was like 2 weeks off. I went ahead and PIF. Do they still update mid statement cycle when you pay to $0? If so how long do they usually take to update? Any quirks with having a negative balance?

I don't really have anything to apply for atm but want to see what my scores do at under 1% util.

Re: Does Chase still report automatically when you pay down to $0 balance?

JLK93 — Tue, 09 Sep 2014 03:39:13 GMT

Chase updates to the credit bureaus any time you PIF to 0.

If you still have pending charges, I am not sure if they will update.

There are no quirks to having a negative balance.

Re: Does Chase still report automatically when you pay down to $0 balance?

cluelessoregonguy — Tue, 09 Sep 2014 03:23:49 GMT

@oilcan12 wrote:
Chase updates to the credit bureaus any time you PIF to 0.

If you still have pending charges, I am not sure if they will update.

There are no quirks to having a 0 balance.

Thanks for the info! That's kind of cool. Guess I'll have to carry a small balance on a different card though.

Re: Does Chase still report automatically when you pay down to $0 balance?

AirlinerDudeB6 — Tue, 09 Sep 2014 10:52:00 GMT

@oilcan12 wrote:
Chase updates to the credit bureaus any time you PIF to 0.

If you still have pending charges, I am not sure if they will update.

There are no quirks to having a negative balance.

I can confirm this also.

It just happened to me last cycle. PIF ----> updated with in a couple days on my reports.

Re: Does Chase still report automatically when you pay down to $0 balance?

cluelessoregonguy — Tue, 09 Sep 2014 13:49:51 GMT

Yeah this worked like a charm. I literally paid this like 16 hrs ago and now my balance is showing $0 on Experian. Very nice!

Re: Does Chase still report automatically when you pay down to $0 balance?

Revelate — Tue, 09 Sep 2014 15:31:23 GMT

@AirlinerDudeB6 wrote:
@oilcan12 wrote:
Chase updates to the credit bureaus any time you PIF to 0.

If you still have pending charges, I am not sure if they will update.

There are no quirks to having a negative balance.
+1

I can confirm this also.

It just happened to me last cycle. PIF ----> updated with in a couple days on my reports.

So that's what happened.

I had an 87% balance all set to report on my Freedom for FICO testing, was two days past the statement date so I felt certain it would cut and report as expected so PIF'd... and it was flatlined at zero.

Oh well, lost data point... will know for next time .