How does Penfed PLOC report?

[Anonymous]

I thought it reported like a revolver after stmnt close but apparently it doesnt. I called twce and I was confirmed by 2 different reps that stmnt close date was the 23rd, I deposited a check on the 25th and it reported to all three between the 7-9th. 

Somebody enlighten me please 

[CreditCuriosity]

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@Anonymous wrote:

I thought it reported like a revolver after stmnt close but apparently it doesnt. I called twce and I was confirmed by 2 different reps that stmnt close date was the 23rd, I deposited a check on the 25th and it reported to all three between the 7-9th. 

Somebody enlighten me please 

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Reports just like any other CC..  Not sure about the reporting of the PLOC though being timing and payment on it vs. their regular CC though if that is your question.  Although PENFED does "Bulk" reporting meaning if you have many CC's and loans with them in my case Car/Ploc/CC/ and thrifty credit it reports once monthly for all them at the same time for all them.  Least that has been my experience.  With that said I have never actullly used any of my PLOC I have with them and a balance other then 0 has reported.

[Anonymous]

Ok so a little heads up for anyone interested.

I spoke with two different reps again and the PLOC reports the first Saturday of every month whatever balance you have on that day, regardless of your balance when the statement cuts that doesnt count, whatever your balance is on that day that's what gets reported