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@Anonymous wrote:
What is the deal here -- what does Amex report when reporting your account for the first time? Opened 2 accounts early November. Amex Everyday $2500 and Delta Gold $7700. Have had a due date for each and paid on each already -- was advised my Delta Gold will report after 12-27, and my ED after 01-04-16. Question is, what balance will they report? The current balance as of today (assuming I make no new charges), the statement balance from statement 1 or the statement balance on 12/27? I'm so very confused.
Most lenders report whatever your balance is or was on reporting date -- but some are saying Amex reports a month behind, so my first report will be for whatever my statement balance was on my first statement ??
Someone please clarify so I know what to expect. My first statement balance for my Gold Delta, for example, WAS $2200 -- I have since paid it down to about $1000. So will they report the original statement balance even though I've since paid down, or what ?
Thank you in advance !!!
I have no actual knowledge for you, but I'm going to advise that you chill a bit. Utilization has no memory and future statements will report correctly. Your utilization and scores might be a bit messed up for a month or two, especially if you're a min/maxer, but you'll be able to get them into line soon enough. Additionally, the score drop for higher utilization won't matter at all unless you're apping for something big like a mortgage.
Most current one