topic Re: Elan Financial Reporting in General Credit Topics

Elan Financial Reporting

Credit_Master — Thu, 08 Sep 2022 13:52:33 GMT

Hi Everyone,

So I need a little clarification on Elan Financials reporting of the MCP card each month. I am aware that they report on the last day of the month to the CRAs. What I need clarification on is when they report on the last day of the month do they report the balance on the card as of that day or do they report the closing date balance?

Thank you,

Credit_Master

Re: Elan Financial Reporting

lanemeyer — Thu, 08 Sep 2022 14:09:50 GMT

In my experience with the Fidelity card, Elan reports whatever your current balance is at the beginning of that last day of the month. Payments made that day are not reflected.

Re: Elan Financial Reporting

Bill77 — Thu, 08 Sep 2022 14:53:18 GMT

Agree, it's the balance on that last day.