HSBC Reporting Slowly?

[Anonymous]

Not sure if it's showing up for everyone else, but TU is now showing my two HSBC accounts as updated for January.

Good thing it's only half way through February! 

[myfico5378]

Well, this is interesting... Apparently, HSBC reports on the 14th, but they report the balance from the last day of the previous month.  I would have assumed they would report the last statement balance or the balance on the day the report (both of which would have been $0!!!), but no, they reported the EOM balance which was 33% utilization on one card and 100% on the other.  Well, lesson learned.  Thanks to this site, I now pay attention to what day they report and what they are reporting.  I'll be adding that info to my spreadsheet tracker.  I had planned to put my 2 HSBC cards in the sock drawer anyway so they'll have a $0 balance whatever day they decide to report!

By the way, EX is the only CRA that reported the new balance so far (pulling from Chase ID).

[Anonymous]

HSBC has always (2 years at least) report the balance on the last weekday of the month- 

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myfico5378 wrote:

Well, this is interesting... Apparently, HSBC reports on the 14th, but they report the balance from the last day of the previous month.  I would have assumed they would report the last statement balance or the balance on the day the report (both of which would have been $0!!!), but no, they reported the EOM balance which was 33% utilization on one card and 100% on the other.  Well, lesson learned.  Thanks to this site, I now pay attention to what day they report and what they are reporting.  I'll be adding that info to my spreadsheet tracker.  I had planned to put my 2 HSBC cards in the sock drawer anyway so they'll have a $0 balance whatever day they decide to report!

By the way, EX is the only CRA that reported the new balance so far (pulling from Chase ID).

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[sunnyday]

Well, I just pulled a new report from Equifax and HSBC still has not updated my payments.  The last reported was Dec 2007. Since then I have had a credit line increase and also paid down the balance.  It is not showing any of that, still shows almost maxed.

[Anonymous]

Has anyone gotten an update on Equifax yet for their HSBC account?

[Anonymous]

dispute the balance with EQ and see if that gets you anywhere

[Anonymous]

I would have to agree with the problem being with HSBC.  I got a big credit line increase and paid down my balance to below 5% in January.

THey have not reported Feb or March, so no score increase.

I called them and they said "automatically update at the end of every month"  Not so!!!

Captial One also gave me a big increase over the phone (I used back door number).  I asked them right then and there to update my information (in the middle of a cycle)  and they did.

HSBC needs to do the right thing.

[Anonymous]

I pulled EX a few days ago and my newest HSBC entry is 2/28. I thought the amounts were off then realized the date of there last posted date.

[momof2]

I would have to complain as well, HSBC has not updated my CR's eaither, last reported in jan end of march i got a CL increase, and my balance is well below what is being reported right now,

  i called them today and asked why they havent updated, the guy told me they report at the end of each month, well apparently not, cause its been a few months now and no update, i think tomarrow i will call back ans ask  for a supervisor and try to get him/her to update my report. if they would update it i bet my fico would go up.

[Anonymous]

What is the corrective action that need to be taken for this.?